Netflix (NFLX) Weaker On Barclays Downgrades
NFLX Hot Sheet
Rating Summary:8 Buy, 15 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Shares of Netflix, Inc. (Nasdaq: NFLX) are down 1.6% in pre-open trading after Barclays downgraded the stock from Overweight to Equal Weight, but raised their price target from $72 to $88.
The firm cited valuation for the downgrade, saying risk/reward is now more balanced. The firm expects the company to continue to benefit from the competitive advantages of its subscription-based model and hybrid-delivery service.
The firm cited valuation for the downgrade, saying risk/reward is now more balanced. The firm expects the company to continue to benefit from the competitive advantages of its subscription-based model and hybrid-delivery service.
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