American Express price target raised to $267 from $265 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on American Express to $267 from $265 and keeps an Outperform rating on the shares. The company Q2 earnigns beat highlighted a “solid quarter” withconsistent revenues, controlled expenses, and stable credit quality, the analyst tells investors in a research note. RBC also maintains that the company’s long-term mid-teens EPS growth is “achievable and sustainable”, even in a slower revenue environment.