Morgan Stanley Upgrades Netflix (NFLX) to Overweight, Sees 28% Upside

October 8, 2012 6:42 AM EDT
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Price: $138.60 +0.14%

Rating Summary:
    33 Buy, 23 Hold, 9 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Morgan Stanley upgraded Netflix (NASDAQ: NFLX) from Equalweight to Overweight with a price target of $85, suggesting 28% upside. The firm doesn't see as a direct threat and said the value of just the domestic business justifies the current market price.

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 $66.56 yesterday.

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