Google, General Motors Ratings Shuffle; Netflix Price Target Hike

In Thursday’s Analysts' Actions, TheStreet highlights rating changes on Google (GOOGL) and General Motors (GM), as well as an upbeat note on Netflix (NFLX). Analysts at JPMorgan Chase raised their price target on shares of Netflix to $127 from $89 while maintaining its OVERWEIGHT rating. Analysts pointed to company’s strong quarterly results, as the streaming service keeps ‘disrupting linear TV.’ Analysts at BMO Capital Markets raised their rating on Google to OUTPERFORM from MARKET PERFORM with a higher price target of $670. Analysts said they like the search engine’s focus on investing in key growth areas and its steady revenue outlook. And, analysts at Barclays downgraded automaker General Motors to EQUAL WEIGHT from OVERWEIGHT with a reduced price target of $36. The firm pointed to the disappointing Chinese auto sales, and the slow recovery in Europe. TheStreet's Kurumi Fukushima reports in New York.