American Express stock drops after J.P. Morgan downgrades, citing valuation and increased recession probability

<p>Shares of American Express Co. dropped 1.3% in morning trading Monday, after J.P. Morgan analyst Richard Shane downgraded the charge card and travel-related services company, citing concerns over valuation at a time of increased uncertainty over economic growth. Shane cut his rating to neutral from overweight but left his stock price target at $200. While …</p>
<p>The post <a rel="nofollow" href="https://forextv.com/market-news/american-express-stock-drops-after-j-p-morgan-downgrades-citing-valuation-and-increased-recession-probability/">American Express stock drops after J.P. Morgan downgrades, citing valuation and increased recession probability</a> appeared first on <a rel="nofollow" href="https://forextv.com">ForexTV</a>.</p>