AXP - Can American Express Achieve FY24 Growth Target? This Analyst Thinks So | Benzinga
Piper Sandler analyst Kevin J. Barker upgraded American Express Co (NYSE: AXP) to Neutral from Underweight at an increased price target of $151 from $150.
Although the analyst expects revenue growth to slow heading into 2024 and headwinds from weaker credit, he projects the company to deliver EPS growth of ~10% over the next two years.
The analyst notes that the consensus estimates imply AXP will miss the company's target of 10% revenue growth and 15% EPS growth in 2024, with expected revenue growth of 9% and EPS growth of 11% for the year. The analyst writes that AXP's capacity ...