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.
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