Evercore analyst John Pancari maintains $American Express (AXP.US)$ with a hold rating, and adjusts the target price from $255 to $290.
According to TipRanks data, the analyst has a success rate of 42.4% and a total average return of -5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American Express (AXP.US)$'s main analysts recently are as follows:
The trading positioning of American Express near the upper end of its valuation spectrum, combined with restrained potential for exceeding estimates, presents an 'asymmetric risk.' With the market's expectations hovering around a 15% yearly growth rate through to 2026—a scenario that approaches the most optimistic outlook—slowing sales growth could dampen the possibility for significant gains. Analysts suggest that investors might consider strategically realizing profits within the consumer finance sector.
Anticipations are set for a 'dynamic' third quarter earnings season for specialty finance companies, with attention centered on the Federal Reserve's rate cut and consumer credit stress, both of which could challenge current expectations. A significant emphasis is anticipated on the outlook for net interest income as interest rates fall, and it is suggested that many in the sector may experience pressure due to asset-sensitive balance sheets.
Note:
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