Truist Securities Reiterates Buy Rating on American Express (AXP)

Truist Securities analyst Brian Foran reiterated a Buy rating and $375.00 price target on American Express (NYSE: AXP).

The analyst commented: "Amex's stock had a rough reaction to earnings and extended a short term losing streak that has brought it down almost (10)%+ from recent highs. We dig into the common investor questions coming out of earnings - our basic conclusion is that this is a case of expectations getting a little ahead of themselves, rather than a situation where the underlying fundamentals really changed. To that end we maintain our earnings estimates at $17.65 2026 and $20.40 2027, and keep our $375 price target and Buy rating. The drawdown provides an entry point for new investors and in the final section of the note we show how our target P/E could be conservative v. the broader market."

For an analyst ratings summary and ratings history on American Express click here. For more ratings news on American Express click here.

Shares of American Express closed at $335.39 yesterday.

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