Goldman Sachs Resumes American Express (AXP) at Buy
Tweet Send to a FriendGet Alerts AXP Hot Sheet
Price: $74.98 +1.54%
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Trade AXP Now!
Goldman Sachs resumes coverage on American Express (NYSE: AXP) with a Buy rating and $59 price target, suggesting 16% upside, citing underappreciated operating and capital leverage.
The analyst commented, "In our view, the market is under-appreciating the return capabilities at AXP, which would be driven by operating leverage and excess capital. Given its spend-centric business mix, we expect continued top-line growth to be aided by further spending by high-end consumers and growth in its international franchise."
For more ratings news on American Express click here and for the rating history of American Express click here.
Shares of American Express closed at $51.82 yesterday, with a 52 week range of $37.13-$51.93.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The analyst commented, "In our view, the market is under-appreciating the return capabilities at AXP, which would be driven by operating leverage and excess capital. Given its spend-centric business mix, we expect continued top-line growth to be aided by further spending by high-end consumers and growth in its international franchise."
For more ratings news on American Express click here and for the rating history of American Express click here.
Shares of American Express closed at $51.82 yesterday, with a 52 week range of $37.13-$51.93.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Global Equities Starts Tesla Motors (TSLA) at Overweight
- Goldman Sachs Downgrades Palo Alto Networks (PANW) to Buy
- Goldman Sachs Upgrades Enbridge (ENB) to Conviction Buy
Create E-mail Alert Related Categories
Hot New Coverage, New CoverageRelated Entities
Goldman Sachs
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
