Wall Street cedes ground after mixed bag of earnings
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Piper Jaffray Raises Price Target on American Express (AXP) Following Solid 1Q Earnings
April 21, 2016 9:11 AM EDTPiper Jaffray reiterated a Neutral rating on American Express (NYSE: AXP), and raised the price target to $71.00 (from $66.00), following the company's 1Q earnings report. EPS declined 2% to $1.45 beating consensus of $1.33. The JetBlue portfolio sale added $0.08 to EPS. AXP continues to expect 16 EPS between $5.40-$5.70 and at least $5.60 in 17.... More
