American Express (AXP +1.3%) shares are higher as Barclays boosts its target price by $10 to...

|About: American Express Company (AXP)|By:, SA News Editor

American Express (AXP +1.3%) shares are higher as Barclays boosts its target price by $10 to $70, ~23% above current levels. The firm thinks AXP will earn $1.03/share when it reports Q1 earnings next week, $0.03 above consensus, and says the market its underestimating AXP’s expense leverage and the feasibility of its 8% long-term revenue growth target.