Wells Fargo analyst Donald Fandetti says American Express (AXP) CFO Christophe Le Caillec at a conference today talked down Q1 revenue growth consensus estimates since the quarter has one less day on leap year and more currency headwinds. Wells is a buyer of the shares on weakness, noting Caillec added that full year estimates are in line with guidance. The firm reminds investors that American Express’s 2025 revenue growth guide of 8%-10% did not flow through the stronger Q4 billed business growth. It keeps an Overweight rating on the shares with a $370 price target
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