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Long-Time Netflix (NFLX) Bear Drops Coverage

December 31, 2013 11:36 AM EST

Albert Fried & Company dropped coverage on Netflix (NASDAQ: NFLX) to end 2013. Analyst Rich Tullo admits he's been wrong on the name, having an Under Weight rating on the stock while it has been among the best performers in the stock market.

In his mea culpa, Tullo said he thought investors would assign a rational risk weighting to a Company with... More