AmEx profit beats as expense discipline offsets spending slowdown

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Go back to AmEx profit beats as expense discipline offsets spending slowdown

BTIG Reiterates Sell Rating on American Express (AXP), PT $230

October 21, 2024 5:46 AM EDT

BTIG analyst Vincent Caintic reiterated a Sell rating and $230.00 price target on American Express (NYSE: AXP).

The analyst comments "WHAT YOU SHOULD KNOW: Our thesis for downgrading AXP shares to Sell is playing out but still in the early stages. We would continue to avoid AXP despite shares being down on its earnings print. Optimism still abounds on Amex's ability to achieve at least 10% y/y revenue growth in 2025; we think the December 2024 financials... More