American Express price target raised to $250 from $245 at Monness Crespi

Monness Crespi analyst Gus Gala raised the firm’s price target on American Express to $250 from $245 and keeps a Buy rating on the shares following what the firm describes as “a strong 1Q24 print.” Management stuck with previously issued calendar 2024 guidance, which the firm views as “prudently conservative,” telling investors that it expects AmEx will continue to grow EPS mid-teens through the cycle.