** Credit card giant American Express AXP.N beat Wall St estimates for Q1 profit on Thursday, as its affluent customers shrugged off fears of a slowdown to continue spending on travel and entertainment
** Median PT of 31 brokerages covering the stock is $285 - data compiled by LSEG
SKEPTICISM AND OPTIMISM
** RBC ("outperform," PT: $310) sees management's confidence in durability of their customer base, spending trends and revenue outlook as a positive indicator for performance
** Deutsche Bank ("buy," PT: $371) says co's strong earnings growth and resilience are notable, but its current discount due to perceived economic sensitivity and macro uncertainties makes it challenging for stock to re-rate in near-term
** BTIG ("sell," PT: $240) is skeptical about co's ability to maintain its 2025 guidance, despite strong 1Q25 results
** Morningstar (fair value: $255) says co's affluent cardholder base and spending-focused business model provide a significant layer of protection against credit-related concerns
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
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