American Express Company (NYSE:
AXP) is
one of the top credit services stocks to buy as the US cuts interest rates. On October 20, William Blair analyst Christopher Kennedy reiterated a Buy rating on American Express Company (NYSE:AXP), citing its strong market position and growth trajectory. The company continues to lead in the premium card segment, with shares trading at a discount to the S&P 500 despite delivering above-market growth and superior return on equity. Kennedy highlighted management’s focus on sustainable earnings and strategic investments as key drivers of long-term value.
CEO Steve Squeri’s emphasis on premium consumers and small businesses has strengthened American Express’s acceptance network and customer appeal. Notably, the refreshed U.S. Platinum Card has boosted engagement and doubled account acquisitions. Supporting this bullish sentiment, Truist Financial also maintained a Buy rating on AXP the same day, setting a price target of $395.
Previously on October 13, RBC Capital raised American Express’s price target from $360 to $380, maintaining an ‘Outperform’ rating based on its strong customer base, earnings growth outlook, and competitive credit facility.
American Express Company (NYSE:AXP) is a global services company that provides payment card products, as well as other financial and travel-related services. It issues its own card products and operates a payment network, but also partners with banks and financial institutions to issue cards and acquire merchants.
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Disclosure: None. This article is originally published at
Insider Monkey.
