HSBC analyst Saul Martinez downgrades $American Express (AXP.US)$ to a hold rating.
According to TipRanks data, the analyst has a success rate of 57.7% and a total average return of 1.7% 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 assessment indicates 'asymmetric risk' as the company trades near the upper end of its valuation spectrum, presenting limited potential for growth in estimates. With the consensus already factoring in a 15% annual growth until 2026, which aligns with a nearly optimal scenario, the deceleration in sales growth suggests scant room for upward revisions. The suggestion is for investors to strategically realize gains within the consumer finance sector.
Expectations are set for a dynamic 3Q earnings season for specialty finance companies, with the Fed rate cut and consumer credit stress being focal points that could pose risks to expectations. A significant emphasis is anticipated on net interest income outlooks as rates decline, and many in the group may experience pressure due to asset-sensitive balance sheets.
Note:
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