Deutsche Bank analyst Mark DeVries maintains $American Express (AXP.US)$ with a buy rating, and adjusts the target price from $310 to $371.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 16.2% 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 recent election results seem to have revitalized business and consumer optimism, fostering expectations of a more pro-business climate, which could uplift the U.S. economy yet temper anticipations for Federal Reserve policy easing. This scenario is perceived positively for entities reliant on consumer credit and spending, although the outlook remains somewhat pessimistic for the mortgage market due to persistently high rates and a scarce housing supply.
Consumer finance stocks are viewed positively moving into the Q4 results with trends in consumer metrics showing improvement and some regulatory catalysts in play. Additionally, slightly elevated interest rates are not seen as hindrances to fundamentals or the performance of the stocks, according to an analyst. A strong belief remains that the rally will resume for the card issuer and network stocks.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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