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Cowen Trims PT on Netflix (NFLX) to $110 Following Q2 Results, Outlook; Affirms at 'Outperform'
July 19, 2016 6:20 AM EDTCowen and Company trims its price target on Outperform-rated Netflix (NASDAQ: NFLX) from $130 down to $110 following Q2 results on Monday night.
Analyst John Blackledge commented today, NFLX's 2Q16 US and Int'l sub adds were below guide and our/consensus estimates due to higher churn from pricing increases, while gross sub add growth was in line with mgmt.... More
