BofA raised the firm’s price target on American Express (AXP) to $316 from $301 and keeps a Neutral rating on the shares. To arrive at its target, the firm applies an 18-times multiple to its 2026 EPS as it rolls-forward estimates, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXP: