American Express (AXP) stock closed slightly lower on the day, but remains outperforming the market and its sector. Investors are looking ahead to the company’s upcoming earnings release, with analysts expecting growth in both earnings and revenue. This article provides an overview of AXP’s recent performance, valuation, and future prospects, considering the company’s Zacks Rank and industry trends.
Results for: AXP
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.