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Shermsy
2021-07-06

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Goldman upgrades American Express to buy, says stock can rise more than 30%

The hot streak forAmerican Expressstill has plenty of room to run as the economy recovers and consum

Goldman upgrades American Express to buy, says stock can rise more than 30%

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman upgrades American Express to buy, says stock can rise more than 30%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 18:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/06/goldman-upgrades-american-express-to-buy-says-stock-can-rise-more-than-30percent.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The hot streak forAmerican Expressstill has plenty of room to run as the economy recovers and consumer spending picks up, according to Goldman Sachs.\nShares of the card company have outperformed the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/06/goldman-upgrades-american-express-to-buy-says-stock-can-rise-more-than-30percent.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AXP":"美国运通"},"source_url":"https://www.cnbc.com/2021/07/06/goldman-upgrades-american-express-to-buy-says-stock-can-rise-more-than-30percent.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101376629","content_text":"The hot streak forAmerican Expressstill has plenty of room to run as the economy recovers and consumer spending picks up, according to Goldman Sachs.\nShares of the card company have outperformed the broader market this year, rising roughly 39%. Analyst Ryan Nash upgraded the stock to buy from neutral, saying in a note to clients on Tuesday that the improving economy should drive the stock even higher.\n“While AXP has laid out expectations to reach its original goals for 2020 in 2022, with the economy improving meaningfully since AXP gave this guidance in January 2021 (at that time it called those expectations aspirational although we viewed as conservative) combined with a big pick-up in consumer spending ... we believe AXP is poised to exceed its original 2020 expectations by 2022,” the note said.\nGoldman said that it expects a multi-year recovery in travel, which should boost credit card companies like American Express.\n“We believe a better than expected acceleration in top-line trends on the back of better spend should lead to shares outperforming over time,” the note said..\nGoldman has a price target of $225 per share for American Express, which is more than 33% above where the stock closed on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":340,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}