Amex Acceptance Expands as Netflix Sees Upgrade

NFLX shares received an upgrade to Buy from Hold by Deutsche Bank, along with a price target of $95.

The firm cited the company's larger total addressable market and 'healthier' international engagement trends as reasons for the upgrade.

American Express announced its Cards are now accepted at over 190 million merchant locations worldwide, an increase of approximately 20 million locations this year.

The number of Amex-accepting merchant locations outside the U.S. has more than doubled over the last four years.