Apple Initiation, American Express Cut, Disney's Higher Price Target

In Monday's Analysts' Actions, American Express (AXP) gets a downgrade, while Apple (AAPL) and Disney (DIS) receive positive notes. American Express was downgraded to NEUTRAL from BUY by analysts at Nomura this morning. The firm also lowered its price target. Apple had its coverage initiated by Brean Capital with a BUY rating, ahead of its second quarter earnings release after market close. The firm sees upside through 2017. And, Disney also gets a positive note. Citigroup hiked its price target to $125 from $110 with a BUY rating. The firm thinks the company will continue taking share of the global box office. TheStreet's Kurumi Fukushima reports in New York.