BofA/Merrill Lynch Downgrades Netflix (NFLX) to Underperform
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UPDATE: Traders Watch Netflix (NFLX), Amazon (AMZN) on Expanded Hulu, Viacom (VIAB) Partnership
October 9, 2012 11:03 AM EDT(Updated - October 9, 2012 11:05 AM EDT)
Netflix, Inc. (Nasdaq: NFLX) and Amazon.com (Nasdaq: AMZN) shares are dipping slightly as Viacom (Nasdaq: VIAB) and Hulu expanded their partnership to bring Nickelodeon to Hulu Plus. For more, click here.
Shares are down 8.7 percent from an earlier BofA/Merrill downgrade.... More
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
Morgan Stanley Upgrades Netflix (NFLX) to Overweight, Sees 28% Upside
October 8, 2012 6:42 AM EDTMorgan Stanley upgraded Netflix (NASDAQ: NFLX) from Equalweight to Overweight with a price target of $85, suggesting 28% upside. The firm doesn't see Amazon.com as a direct threat and said the value of just the domestic business justifies the current market price.
For... More
