American Express price target raised to $300 from $265 at Monness Crespi

Monness Crespi raised the firm’s price target on American Express (AXP) to $300 from $265 and keeps a Buy rating on the shares ahead the company reporting Q3 results. Most of the change to the firm’s estimates arise from the addition of quarterly estimates for calendar year 2025, notes the analyst, who is also incorporating “some incremental moderation” and also introducing calendar 2026 estimates. In an incrementally softer spending environment, the firm would expect the AmEx growth algorithm to hold up better than Visa (V) and Mastercard (MA), on both of which the firm has Neutral ratings, the analyst noted.