BTIG has upgraded buy now, pay later company Affirm (AFRM) to Buy from Neutral, citing its path to profitability. Meanwhile, the firm downgraded American Express (AXP) to Sell from Neutral, expecting some pressure in the company's fundamentals. Market Domination Hosts Julie Hyman and Josh Lipton report more on the contrasting calls. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Melanie Riehl
BTIG analysts said Affirm is on a path to profitability under GAAP and is taking market share from traditional providers of point-of-sale finance.
Investing.com -- American Express Company (NYSE:AXP) stock received a downgrade from two investment banks, HSBC and BTIG, with both expressing concerns over the stock's valuation and slowing fundamentals.