American Express 2Q Results: Revenue Growth Slows, But Analysts Remain Optimistic About Healthy Consumer Activity
Portfolio Pulse from Anusuya Lahiri
American Express (AXP) reported 2Q results with slower revenue growth but analysts remain optimistic due to healthy consumer activity. RBC Capital analyst Jon Arfstrom reiterated a Sector Perform rating with a $197.00 price target. Citi analyst Arren Cyganovich reiterated a Sell rating with a price target of $148.00. BMO analyst James Fotheringham had a Market Perform rating with a price target of $194.00. AXP shares are trading lower by 1.31% at $167.99.
July 24, 2023 | 5:39 pm
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American Express reported slower revenue growth in 2Q but analysts remain optimistic. The stock is trading lower by 1.31%.
The slower revenue growth reported by American Express in 2Q could negatively impact the stock price in the short term. However, the optimism expressed by analysts could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100