BofA Securities analyst Kenneth Bruce downgraded American Express to Neutral, citing concerns over subdued billings growth and a premium valuation. Bruce believes the spending environment is challenging, even for high-end consumers, as evidenced by recent commentary from retailers and travel companies. While Bruce maintains a favorable view of American Express’s long-term strategy, he sees limited upside potential for the stock in the short term.
American Express cardholders in Brazil can now enjoy exceptional benefits at Grupo Fasano’s luxurious hotels and restaurants, including complimentary wine corkage, complimentary desserts, and exclusive access to amenities like spa treatments and business center discounts.
Dividend stocks provide a reliable stream of passive income, coupled with potential share appreciation. Experts have identified several dividend-paying companies that exhibit strong financial performance, resilience, and growth potential. These include NextEra Energy (NEE), American Express (AXP), and Automatic Data Processing (ADP). These companies have a history of consistent dividend payments, steady revenue growth, and robust cash flows, making them attractive options for dividend-focused investors.
With the economy in strong shape, retail stocks offer a lucrative investment opportunity. We highlight Nordstrom (JWN), American Express (AXP), and Procter & Gamble (PG) as top picks, providing insights into their recent performance, growth prospects, and guidance.
BMO Capital Markets adjusted its outlook on American Express shares, increasing the price target to $175 but maintaining an Underperform rating. Despite strong first-quarter earnings, concerns remain about loan restructuring and potential future EPS growth dampening.
