American Express: Yes, There is Life After Costco

With all the problems facing American Express (AXP)–from the loss of Costco (COST) and JetBlue Airways (JBLU) to the Justice Department’s antitrust ruling–why would anyone upgrade its shares? Deutsche Bank’s David Ho, who raised American Express to Buy from Hold, believes the “downside risks are widely known,” while the positives are being overlooked. He explains: Bloomberg [...]