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Fly News Breaks for June 19, 2019
Jun 19, 2019 | 06:09 EDT
BofA/Merrill analyst Jason Kupferberg reinstated coverage of American Express with a Buy rating and $145 price target. The analyst expects sales acceleration relative to Q1 levels for the remainder of 2019. Not only does American Express have much less exposure to credit than other card companies, it benefits from lower interest rates, Kupferberg tells investors in a research note.