Janney Montgomery Scott Upgrades Netflix (NFLX) to Buy, a Short Squeeze in the Making
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/24/2024
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Albert Fried & Company Starts Netflix (NFLX) at Underweight, $68 PT
January 18, 2013 8:49 AM ESTTaking the other side of the trade, Albert Fried & Company initiates formal coverage on Netflix (NASDAQ: NFLX) with a Underweight rating and $68 price target, suggesting 30% downside.
The firm comments, "Who doesnt love a Cinderella Story but we think equity comebacks are rare -the fundamental forces such as technology, rising costs, and increased competition have no emotions and rarely if... More
