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Fly News Breaks for May 20, 2019
May 20, 2019 | 08:19 EDT
Stephens analyst Vincent Caintic, after hosting meetings with American Express management, said that he sees a significant opportunity for the company in the Business-To-Business, or B2B, space, particularly in payments to suppliers. The biggest challenge is signing suppliers to take American Express as a form of payment, but the company's current key value proposition is paying suppliers faster for accepting the card, Caintic explains. He keeps an Overweight rating and $131 price target on AmEx shares following the management meetings.