Netflix & American Express Upgraded, eBay Cut on Wall Street

Netflix (NFLX) and American Express (AXP) are upgraded but a downgrade for eBay (EBAY) in Thursday's Analysts' Actions. Netflix was raised to HOLD from UNDERWEIGHT at Jefferies. The price target was raised to $350 from $300. The firm says the risk/reward is more favorable at current levels. eBay was cut to SECTOR PERFORM from OUTPERFORM at RBC Capital. The analysts there say fundamental trends are weaker and lowered the price target to $55 from $62. JPMorgan upgraded its rating for American Express to NEUTRAL from UNDERWEIGHT but lowered its price target to $90 from $95. The firm says the recent sell-off restores 'upside/downside balance.'