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Netflix (NFLX) PT Trimmed to $130 at UBS Amid Mixed Sub Trends

July 13, 2016 7:48 AM EDT

UBS analyst Doug Mitchelson lowered his price target on Netflix (NASDAQ: NFLX) to $130.00 (from $141.00) but maintained a Buy rating as their Evidence Lab shows mixed subscriber trends.

Evidence Lab analysis of Netflix App downloads for 2Q showed a softening in S. Europe, France & Germany, but consistency elsewhere (strength throughout the Americas & Nordics, stability in the U.K., Australia... More