Bernstein Cuts Price Target on Netflix (NFLX), Sees 25% Downside

January 18, 2012 8:53 AM EST
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Price: $137.39 -0.87%

Rating Summary:
    33 Buy, 23 Hold, 9 Sell

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    Up: 24 | Down: 17 | New: 14
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Bernstein lowered its price target on Market Perform-rated Netflix (NASDAQ: NFLX) from $79 to $71.

The firm's new price target represents 25 percent downside from Tuesday's close.

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $94.72 yesterday.

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