American Express (AXP) October 280 straddle priced into quarter results

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Go back to American Express (AXP) October 280 straddle priced into quarter results

BTIG Reiterates Sell Rating on American Express (AXP), PT $230

October 21, 2024 5:46 AM EDT

BTIG analyst Vincent Caintic reiterated a Sell rating and $230.00 price target on American Express (NYSE: AXP).

The analyst comments "WHAT YOU SHOULD KNOW: Our thesis for downgrading AXP shares to Sell is playing out but still in the early stages. We would continue to avoid AXP despite shares being down on its earnings print. Optimism still abounds on Amex's ability to achieve at least 10% y/y revenue growth in 2025; we think the December 2024 financials... More