BofA/Merrill Cuts Netflix (NFLX) to Neutral, Price Target Slashed from $225 to $80
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Price: $78.16 -0.1%
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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An analyst at BofA/Merrill Lynch downgraded shares of Netflix (NASDAQ: NFLX) from Buy to Neutral following the company's Q3 results Monday afternoon. The firm slashed its price target by 64 percent from $225 to $80.
Netflix shares are down more than 34 percent to around $77.75 this afternoon.
For more ratings news on Netflix click here and for the rating history of Netflix click here.
Netflix shares are down more than 34 percent to around $77.75 this afternoon.
For more ratings news on Netflix click here and for the rating history of Netflix click here.
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