Wells Fargo raised the firm’s price target on American Express to $265 from $250 and keeps an Overweight rating on the shares. The firm sees a good case for management to express greater confidence in or lean to the upper end of the EPS or revenue guide for 2024. With the macro haze fading, Wells believes investors will come away with a greater appreciation of the competitive position and moat.
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Read More on AXP:
- American Express price target raised to $175 from $167 at BMO Capital
- American Express price target raised to $260 from $240 at Deutsche Bank
- American Express price target raised to $253 from $250 at RBC Capital
- American Express price target raised to $226 from $222 at Morgan Stanley
- American Express price target raised to $225 from $221 at TD Cowen
