Albert Fried & Company Starts Netflix (NFLX) at Underweight, $68 PT

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Janney Montgomery Scott Upgrades Netflix (NFLX) to Buy, a Short Squeeze in the Making

January 18, 2013 6:44 AM EST

Janney Montgomery Scott upgraded Netflix (NASDAQ: NFLX) from Neutral to Buy with a price target of $129.00.

Analyst Tony Wible said said the company will benefit from a reduced float that will amplify improving fundamentals.

"Recent developments, including the DIS deal, the potential for a Sony deal, and the new CDN platform, are changing how Studios, MSOs, and investors approach the... More