Analysts: American Express Cost Cuts Will Boost Shares and 3 More Research Notes to Look Into
American Express (NYSE:AXP): Nomura has raised its price target on American Express, on the belief that consensus expense expectations for American Express are too high and that upcoming job cuts will provide a significant source of near-term upside against Street estimates. Expense cuts, scaling fee-based revenue streams, and strong core business trends will drive share performance according to the firm, which keeps the shares rated at Buy with a $89 price target, up from $73.
SunPower (NASDAQ:SPWR): Goldman Sachs has upgraded SunPower from Sell to Neutral, due to its transition towards steady growth and higher-margin downstream businesses. It also raised its price target from $13 to $18.
First Solar (NASDAQ:FSLR): Goldman continues its bullish trend on the solar industry, upgrading First Solar from Neutral to Buy, and raising the price target to $64 due to its strong backlog, negative sentiment and valuation, and near-term earnings visibility.
Under Armour (NYSE:UA): Susquehanna recommends buying shares prior to analyst day on June 5, as it believes that its growth story remains intact citing its international footwear potential and its direct to consumer supply chain. It rates the shares at Positive and raised the price target to $73 from $68.
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