Most likely yes according to its strong performance. http://finance.yahoo.com/blogs/breakout/american-express-chargi
American Express (AXP) is popping and taking the financials higher with it.
The reason? Morgan Stanley (MS) is 'pounding the table' on the stock and
using a bunch of fancy words to do so. Analyst Betsey Graseck says AmEX's "
revenue is poised to accelerate" thanks to pent-up winter travel demand, and
expanded merchant network. Add to that management hitting the road and
hyping its own book, and you get a higher stock. Those attributes outweigh
what the analyst concedes to be high debt levels and management risk
relative to peers. Sure they're levered but it's nothing AmEx can't handle.
Morgan has a $100 target on the $91 stock.
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Good news. I bet there will be fewer financial reviews from AMEX
