News Formal

American Express can surge 22% as company sales remain strong, analyst says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Investors should buy shares of American Express as the credit card company's sales will keep growing at a fast pace thanks to a strong consumer, an analyst at Morgan Stanley said Thursday.

div > div.group > p:first-child"> Analyst Betsy Graseck upgraded American Express to overweight from equal weight. Graseck also hiked her price target on the stock to $140 per share from $123, implying a 22.8% upside from Monday's close."We believe the strong revenue growth story at AXP remains intact," said Graseck, noting she expects revenue to grow by 8% in 2019 and 10% in 2020. That's up from 7% in both years.

American Express posted a mixed quarterly report earlier this month. The Dow Jones Industrial Average member reported adjusted earnings per share that were above expectations, but its overall revenue disappointed analysts.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

Purr muh Bull sheet

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Facebook shares surge as Wall Street analysts rave over earnings: 'What a start to 2019'Wall Street was enamored Thursday morning with Facebook's first-quarter earnings report, with a handful of brokerages lauding its results. the biden effect What a 🐊 of 💩! These numbers need to be audited. Not their books mind you—Wall Street’s digital infrastructure 💋💋 A mesmerizing tale
ソース: CNBC - 🏆 12. / 72 続きを読む »