BUZZ-Street View: AmEx's growth looks stable, but high-income consumer spending a concern

** American Express AXP.N beat expectations for fourth-quarter revenue on Friday, as more consumers swiped its cards during the holiday season for travel and online shopping

** Median PT of 31 brokerages covering the stock is $309 - LSEG data

CONSUMER SPENDING TO TAKE A HIT

** J.P.Morgan ("neutral," PT: $325) believes the main challenge for AXP will be whether high-income consumers keep spending at their current levels

** BTIG analysts ("sell," PT: $272) think even consumers with excellent credit score (super-prime) will reduce their spending in 2025 compared to recent years; however, they do not expect this to lead to higher credit losses for the company

** RBC ("outperform," PT: $350) sees consistent revenue growth in 2025, but sees hurdles from costs related to customer engagement

** TD Cowen ("hold," PT: $300) says AXP is likely to face challenges in volume growth due to slowing spending in key areas like travel and entertainment and, engagement expenses likely to grow faster than revenues