Morgan Stanley Pounds Table on Netflix (NFLX), Shares Surge
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Price: $20.10 --0%
Rating Summary:
4 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Netflix, Inc. (NASDAQ: NFLX) has completely blown-off news that Coinstar (NASDAQ: CSTR) and Verizon (NYSE: VZ) partnered on a Redbox Instant launch, and instead are focusing on bullish comments from analysts at Morgan Stanley.
Morgan Stanley lifted its price target on Netflix from $80 to $105, while reiterating its Overweight rating. Analyst Scott Devitt said the company is on course to disrupt the long-standing premium cable ecosystem. He was alsi very positive on the recent Disney deal.
After opening flat, shares are of NFLX are now up 6.3 percent to $91.53.
Morgan Stanley lifted its price target on Netflix from $80 to $105, while reiterating its Overweight rating. Analyst Scott Devitt said the company is on course to disrupt the long-standing premium cable ecosystem. He was alsi very positive on the recent Disney deal.
After opening flat, shares are of NFLX are now up 6.3 percent to $91.53.
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