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Top Wall Street Forecasters Revamp American Express Expectations Ahead Of Q1 Earnings

1. AXP to report Q1 earnings on April 17, forecast $3.47 EPS. 2. Projected revenue for AXP is $16.93 billion, up from $15.8 billion. 3. Analysts have varying ratings; some cut price targets significantly. 4. Partnership with CLEAR extended for another year. 5. Recent share price closed at $252.92, down 1.9%.

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FAQ

Why Bearish?

Mixed analyst ratings and significant price target cuts signal potential weakness. Previous cases, like other earnings reports followed by downgrades, have led to price declines.

How important is it?

Earnings projections influence market perceptions. Low growth expectations and lower analyst targets contribute to downward pressure.

Why Short Term?

Earnings release on April 17 presents an immediate impact opportunity. Recent trends in share price indicate market sensitivity to upcoming results.

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