Target and Intel Slashed, While American Express Boosted to Buy

Target and Intel have their price targets slashed, while American Express gets an upgrade, all in Thursday's Analysts' Actions. Jefferies believes Target will now reach only $73 from $76. The firm said it expects the retailer to outline increased investment spending in its strategic plan at next week's investor meeting. Intel's price target was reduced to $34. Full-year 2015 revenue and earnings estimates were also slashed in response to lower PC demand. AmEx was boosted to a BUY rating at Deutsche Bank. Analysts said the company will refocus on managing expenses and deploying capital into new growth channels.