Summary : The state of consumer spending in the U.S. is tricky to call right now . The Bureau of Economic Analysis reported Friday that real spending adjusted for inflation increased just 0.1% as consumers barely kept up with inflation. As such, Bank of America is buy-rated on American Express, giving it a price target of $183 – an upside of around 19% from current prices. “These are brands with high growth, sustained volume growth, strong cross-price elasticities,” Bernstein analysts wrote.
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
