UPDATE: Morgan Stanley Upgrades American Express on New OptBlue Program
February 10, 2014 at 07:51 AM EST
In a report published Monday, Morgan Stanley analyst Betsy Graseck upgraded American Express (NYSE: AXP ) from Neutral to Overweight and raised the price target from $90 to $100. Graseck believes the new OptBlue program and improving economy will increase estimated EPS by 1-2%. In the report, Morgan Stanley