American Express Stock: Headed to $226?

Many analysts rushed to upgrade their 12-month price targets following American Express' (AXP 1.64%) fourth-quarter update last week. Interestingly, this incremental bullishness from Wall Street comes even as the company's top-line growth decelerates.So, what is there to love about the report? RBC Capital analyst Jon Arfstrom, who increased his 12-month price target on shares from $220 to $226 after the report, breaks down the bull case: It boils down to better-than-expected expense management, a steady nor ...