American Express price target lowered to $181 from $186 at RBC Capital

RBC Capital analyst Jon Arfstrom lowered the firm’s price target on American Express to $181 from $186 and keeps a Sector Perform rating on the shares after its Q1 earnings miss. The company’s revenue growth remains strong, though the pandemic recovery tailwinds are likely slowing, the analyst tells investors in a research note. RBC adds that the credit metrics at American Express are normalizing higher but remain lower than peers.