American Express: Revenue Momentum Could Drive Higher Reinvestment, Says Analyst
AXP recovers after falling on Q2 results. Analyst maintains $415 target, citing strong performance and reinvestment in franchise.
American Express made more money than expected, so the analyst thinks the company might spend more cash to grow its business. When a company earns well and reinvests wisely, it's usually a sign managers feel confident about the future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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