Goldman Sachs Reiterates Buy on AXP

Goldman Sachs has issued a report reiterating the Buy Rating on American Express AXP. According to the report, "AXP's earnings exceeded expectations, driven by higher-than-expected revenue growth (12% vs. 8% expected), industry-leading billed business growth, and continued credit improvement." AXP has a $60 Price Target and closed at $52.09 yesterday.