American Express (AXP) PT Raised to $350 at RBC Capital, Citing 'Favorable Outlook with Consistent EPS Growth'

RBC Capital analyst Jon Arfstrom raised the price target on American Express (NYSE: AXP) to $350.00 (from $330.00) while maintaining a Outperform rating.

The analyst commented: "Revenue acceleration a positive. Favorable outlook with consistent EPS growth; We are recapping 4Q results. Core results were solid with stronger revenue and spend activity driving trends, balanced against higher but acceptable expense growth. Credit continues to be very stable, and the provision was modestly lower than expected. The 2025 outlook calls for a consistent pace of revenue growth, and importantly, the EPS guidance indicated that the company should maintain its longstanding mid-teens EPS growth trajectory. We continue to see this EPS growth as very durable, even in a slower revenue environment. Adjusting estimates and price target."

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