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Feb loan delinquencies stable at 1.4% + RBC Outperform → BTIG cuts to Sell $285

American Express reported stable credit metrics with February U.S. Consumer card loan delinquency rates at 1.4% and total card member loans slightly declining to $95.1 billion, which RBC Capital highlighted in maintaining its Outperform rating. However, BTIG adjusted its price target down to $285 from $328, citing valuation concerns and maintaining a Sell rating. The stock trades near $298, below the consensus average target of $377.28, with 11 Buy analysts vs. BTIG's Sell representing the minority view; Q1 2026 earnings are expected April 23.

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