Morgan Stanley Upgrades Netflix (NFLX) to Overweight, Sees 28% Upside
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Amazon's (AMZN) New Willingness to Pay for Content Will Pressure Netflix (NFLX)
October 9, 2012 7:34 AM EDTNetflix (Nasdaq: NFLX) shares are returning some of that 10.5 percent gain in early trading Tuesday amid a couple of news bits this morning.
First, BofA cut its rating on the media streamer from Buy to Underperform, a two-notch move.
Also, a Reuters report out today is highlighting how Amazon.com... More
BofA/Merrill Lynch Downgrades Netflix (NFLX) to Underperform
October 9, 2012 6:49 AM EDTBofA/Merrill Lynch downgraded Netflix (NASDAQ: NFLX) two-notches from Buy to Underperform with a price target of $72.00 following the 31% run-up in the last few weeks.
The firm said bears have plenty to sink their teeth into including increasing domestic and international competition.
... More
