** American Express AXP.N forecast annual profit largely above Wall Street expectations on Friday, underscoring resilient spending by its young and affluent customers, but a small miss on holiday-quarter profit weighed on its shares

RETURNS ON REFRESH

** Morgan Stanley ("equal-weight," PT: $395) says from here, 2026 will be a key test for Amex's retention efforts, as U.S. Platinum cardholders start paying higher annual fees

** RBC Capital Markets ("outperform," PT: $425) expects co's Platinum card refresh to add to revenue in 2026; says AXP's customer base continues to be resilient

** J.P.Morgan ("neutral," PT: $375) says high-income consumer spending to continue unless employment risks increase

** J.P.Morgan adds, "President Trump's announcement of a proposed temporary 10% cap on credit card interest rates could introduce near-term volatility for card issuers"

** BTIG ("sell," PT: $328) expects revamp in Amex's commercial platform to support revenue growth in 2027

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))