Futures higher, Senate unveils funding deal - what's moving markets

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JPMorgan cuts estimates for this technology stock ahead of earnings - here's why

September 28, 2023 1:19 PM EDT

JPMorgan analyst Doug Anmuth cut the price target for a major tech stock in a note Thursday and lowered estimates for the stock.

Streaming leader Netflix (NASDAQ: NFLX) had its price target lowered to $455 from $505 per share, with the firm maintaining an Overweight rating on the stock.

Anmuth told investors in a note... More