Goldman Sachs Raises Target on American Express (AXP) to $67

March 23, 2012 7:00 AM EDT
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Price: $336.00 +1.46%

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Goldman Sachs raised estimate and its price target on Buy-rated American Express (NYSE: AXP) from $60 to $67.

Execution on its expense plan and continued capital actions should drive the multiple higher, the firm said.

Goldman raised 2013 EPS to $4.95, or 5% above the consensus.

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 $57.29 yesterday.


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