American Express price target lowered to $185 from $190 at RBC Capital

RBC Capital lowered the firm’s price target on American Express to $185 from $190 but keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s revenue trends remained fairly healthy, though its billings volumes continue to slow modestly, the analyst tells investors in a research note. Expenses for American Express were also better than expected, and its gradual pace of credit normalization continues to be manageable, the firm added.