Stephanie Hyperlink spoke on CNBC’s “Quick Cash Halftime Report,” about Bank of America’s downgrade of American Categorical Agency (NYSE: AXP). The rationale behind the downgrade are mounting journey points.Hyperlink owns the stock and she or he would buy further. She sees it as a high quality franchise agency with an incredible stability sheet and she or he thinks it may take market share from the opponents. When the monetary system reopens the stock goes to commerce elevated and until then she has a 2% dividend yield.See Moreover: Coronavirus Journey Worries Are Turning This American Categorical Analyst BearishJim Cramer agrees with the promote identify on American Categorical on account of it’s about needing a vaccine. The stock is a journey and leisure title, believes Cramer.Karen Firestone sees that there’s a distinction between American Categorical and totally different value processors. It’s further of a enterprise journey type of card and enterprise journey is simply not close to getting once more. Firestone thinks that may be a hazard to the stock.© 2020 Fintech Zoom.com. Fintech Zoom doesn’t current funding suggestion. All rights reserved.