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American Express’ 2024 Guidance Spurs Diverse Analyst Opinions – A Closer Look | Technology News
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American Express’ 2024 Guidance Spurs Diverse Analyst Opinions – A Closer Look

Published by
Benzinga

UBS analyst Eric Wasserstrom maintained American Express Co (NYSE:AXP) with a Neutral and raised the price target from $188 to $206. BMO Capital analyst James Fotheringham maintained American Express with an Underperform and raised the price target from $157 to $159. Following American Express’ fourth quarter 2023 in-line result and better-than-feared full-year guidance, the analyst boosted his estimates by up to +5%; higher-than-previously-modeled card fees and higher NII are only partially offset by higher expected operating and credit costs. Net Interest Income (NII) is the difference betwe…

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