Evercore ISI raised the firm’s price target on American Express to $255 from $243 and keeps an In Line rating on the shares. Coming out of the company’s Q1 report, and ahead of its investor day, the firm is “modestly raising” its 2024 and 2025 EPS estimates to $13.03 and 14.95 from $12.99 and 14.93, respectively, noting that its EPS revision reflects a more constructive view on net interest income and slightly higher discount revenue, partially offset by higher expenses.
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