American Express (AXP) PT, Estimates Cut at Credit Suisse Following 'Miss'

Credit Suisse analyst M. Orenbuch reiterated an Underperform rating on American Express (NYSE: AXP) and cut its price target to $71.00 (from $74.00) following the Q3 miss.

The firm is cutting 2015 EPS estimate from $5.42 to $5.28, decreasing 2016 estimate from $5.40 to $5.34, and decreasing 2017 estimate from $6.00 to $5.75.

For an analyst ratings summary and ratings history on American Express click here. For more ratings news on American Express click here.

Shares of American Express closed at $76.51 yesterday.

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