BofA Sees Amazon (AMZN) as Potential Acquirer of Netflix (NFLX) Following Split of Streaming/DVD Segments

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Although well off session highs, shares of Netflix (Nasdaq: NFLX) are still up about 2 percent Monday morning following an upgrade at Merriman earlier.

In addition to a content deal with DreamWorks (NYSE: DWA), also catching investors attention this morning is a note from BofA which suggests news of a split may indicate the company is looking for a sale. BofA believes Amazon.com (Nasdaq: AMZN) could be the most likely suitor of Netflix.

The BofA analyst maintains a Buy rating on shares of Netflix, but cut his price target on the stock to $225.

With Netflix shares last trading around $131.82, the firm's new price target represents potential upside of about 71 percent.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Netflix.

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