Analysts Reaffirm Their Confidence in AMEX Stock
Several analysts have reiterated their positive ratings of American Express Company as one of the best stocks to buy if one is looking for exposure to credit services providers. Christopher Kennedy, an analyst at William Blair, reaffirmed on October 20 that AMEX was one to buy. He pointed out the company’s growth trajectory and its strong position within the market as major reasons supporting the Buy rating. Kennedy also cited the fact that American Express has remained the leader within the premium card vertical and that its shares were trading at a price that was low relative to the S&P…