Netflix Initiated, Cisco Gets Price Target Bump, AmEx Maxed Out

Tech stocks Cisco Systems (CSCO) and Netflix (NFLX) each get good news but American Express (AXP) gets dinged again in Thursday’s Analysts’ Actions. Netflix, which started the week with a monster beat that had analysts ratcheting up their expectations, had Pivotal Research analysts give the stock a $550 price target. And Cisco saw its price target bumped up by analysts at Piper Jaffray. Finally, American Express took a cut to its price target and its earnings projection from Credit Suisse analysts, who didn't see net income offset by things like AmEx's Concur sale.