Several key Wall Street firms have updated their recommendations on major stocks, impacting market sentiment. Redburn Atlantic adjusted its stance on American Express (AXP, Financial), upgrading the credit card giant to Neutral from Sell while setting a new price target of $255, down from $270. This change follows a more than 25% decline in share value since January, bringing its valuation in line with anticipated future performance.
In the defense sector, Baird upgraded Lockheed Martin (LMT) to Outperform from Neutral, maintaining a price target of $540. This move comes after a robust first quarter report, with the company benefiting from strong global demand for its missile and defense systems.
Technology firm Intuit (INTU) also saw a positive outlook as HSBC upgraded it to Buy from Hold, keeping its price target at $699. The firm's reliance on U.S. markets insulates it from tariff impacts, supporting this bullish view.
Craig-Hallum upgraded Boot Barn (BOOT) to Buy from Hold, with a price target of $130. This change is driven by expectations of market share gains amid industry disruptions and a strong balance sheet providing downside protection.
Bernstein turned favorable on Cava Group (CAVA), elevating it to Outperform from Market Perform, maintaining a $115 target. Despite a 30% dip in shares year-to-date, there is confidence in the company's long-term strategy.
Conversely, several downgrades were issued, with Piper Sandler lowering Oracle (ORCL) to Neutral from Overweight and adjusting the price target to $130 from $190. Concerns about pressure on margins and cash flow were cited as AI-related sales accelerated.
Utilities like Enphase Energy (ENPH) and SolarEdge (SEDG) faced downgrades due to disappointing outlooks and heightened competitive challenges, reflecting a skeptical view of their near-term prospects.
Finally, amidst these upgrades and downgrades, Citi initiated coverage on General Motors (GM) with a Buy rating, setting a $62 price target, indicating potential growth despite market uncertainties related to tariffs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for American Express Co (AXP, Financial) is $290.88 with a high estimate of $371.00 and a low estimate of $230.00. The average target implies an upside of 8.63% from the current price of $267.78. More detailed estimate data can be found on the American Express Co (AXP) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, American Express Co's (AXP, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for American Express Co (AXP, Financial) in one year is $268.23, suggesting a upside of 0.17% from the current price of $267.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the American Express Co (AXP) Summary page.
