BTIG is surprised American Express (AXP) today guided to Q1 revenue worse than consensus estimates. The company stated at a conference that consensus having flat quarter-over-quarter revenue in Q1 is unrealistic, driven by less days versus Q4 and currency headwinds, the analyst tells investors in a research note. BTIG finds the underperformance in Q1 “particularly surprising” versus the strength in Q4, which it believes consensus likely carried forward to some degree into Q1. The firm is now more inclined to look at the low end of American Express’s 2025 revenue guidance of 8%-10% year-over-year growth. It keeps a Sell rating on the shares with a $272 price target The stock in afternoon trading is down 2% to $309.91.
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