Analyst Downgrades: American Express Company, Cisco Systems, Inc., and GameStop Corp.

Analysts are weighing in on payment services provider American Express Company (NYSE:AXP), networking solutions specialist Cisco Systems, Inc. (NASDAQ:CSCO), and video game retailer GameStop Corp. (NYSE:GME). Here's a quick roundup of today's bearish brokerage notes on AXP, CSCO, and GME.

• AXP is trading 1% lower at $63.76 this morning, after Goldman Sachs downgraded the stock to "neutral" from "buy," citing expectations for the shares to be range-bound until the Street "becomes convinced that company can improve revenue growth." Meanwhile, D.A. Davidson began coverage on the stock with a "neutral" rating and $70 price target. American Express Company shed a quarter of its value in 2015 -- and touched a two-year low of $63.08 last week. Option traders have grown bearish, too. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 50-day put/call volume ratio of 1.37 outranks 97% of all readings from the past year.

• Pacific Crest cut its price target on CSCO to $30 from $36 while maintaining its "overweight" rating. Cisco Systems Inc was last seen fractionally higher at $25.39, and could bounce off familiar support in the $25 region. Short-term options players are more put-heavy than usual. The stock's Schaeffer's put/call open interest ratio (SOIR) of 0.82 stands higher than 93% of all other readings from the past year. Should CSCO stage another comeback off $25, an unwinding of these puts could translate into an added tailwind. 

• GME was hit with price-target cuts from Suntrust Robinson, Ascendiant Capital, and Wedbush -- to a range between $32 and $38 -- sending the stock down 3.3% to $26.96. GameStop Corp. reported disappointing holiday sales on Tuesday, sinking the shares to a fresh two-year low of $26.31. The security has underperformed the S&P 500 Index (SPX) by nearly 35 percentage points over the last three months, making it a prime target for short sellers. Specifically, 46.9% of GME's total available float is sold short -- enough to account for nearly three full weeks of trading, at the stock's average daily volume.