Goldman Sachs Lifts Price Target on American Express (AXP)
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Price: $336.00 +1.46%
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 raised its price target on American Express (NYSE: AXP) from $59.00 to $60.00 following better-than-expected results after the close driven by strong 12% revenue growth, billed business growth and continued credit improvement.
The firm reiterated their Buy rating, saying the market is under-appreciating the top-line growth potential as well as the expense and capital leverage.
2012/2013 EPS estimates were tweaked to $4.40/$4.80 from $4.38/$4.77.
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 $52.09 yesterday.
The firm reiterated their Buy rating, saying the market is under-appreciating the top-line growth potential as well as the expense and capital leverage.
2012/2013 EPS estimates were tweaked to $4.40/$4.80 from $4.38/$4.77.
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 $52.09 yesterday.
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