Wells Fargo analyst Donald Fandetti maintains $American Express (AXP.US)$ with a buy rating, and adjusts the target price from $300 to $340.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 12.1% 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 outcomes of the recent November election have revitalized both business and consumer confidence, anticipating a more pro-business environment, which has raised economic expectations in the U.S. while decreasing prospects for further Federal Reserve easing. This situation seems favorable for stocks associated with consumer credit and spending, although it might not be as beneficial for those related to the mortgage market, which continues to be dampened by high interest rates and a limited housing supply.
The optimistic view on consumer finance stocks is supported by improving consumer metrics and regulatory catalysts. Despite slightly higher interest rates, these factors are not seen as detrimental to the fundamentals or the performance of the stocks. There is a strong belief that the positive momentum will continue for card issuer and network stocks.
Note:
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