Goldman Sachs Sees a American Express (AXP) Q4 "Beat", Lifts Price Target
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Price: $331.15 --0%
Rating Summary:
23 Buy, 23 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 23 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs lifted its price target and made positive comments on American Express (NYSE: AXP) ahead of Q4 results on Thursday, January 19, 2012 after the market closes.
The firm's price target goes from $56 from $58 and they lifted 2012 EPS to $4.30.
The firm sees AXP posting Q4 EPS of $1.01, which is above the consensus of $0.96, driven by 14% year-over-year spending growth and further reserve release offset in part by elevated expenses. Clarity on further expense disciplined, an update on capital deployment and indications of continued high-end spend outperform could drive shares higher, Goldman notes.
For an analyst ratings summary and ratings history on American Express click here. For more ratings news on American Express click here.
Shares of American Express closed at $49.76 yesterday.
The firm's price target goes from $56 from $58 and they lifted 2012 EPS to $4.30.
The firm sees AXP posting Q4 EPS of $1.01, which is above the consensus of $0.96, driven by 14% year-over-year spending growth and further reserve release offset in part by elevated expenses. Clarity on further expense disciplined, an update on capital deployment and indications of continued high-end spend outperform could drive shares higher, Goldman notes.
For an analyst ratings summary and ratings history on American Express click here. For more ratings news on American Express click here.
Shares of American Express closed at $49.76 yesterday.
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