UPDATE: Morgan Keegan Lowers PT to $80 on Netflix

A report from Morgan Keegan reiterates its Market Perform rating and lowers its price target from $90 to $80 on Netflix NFLX. The report states, “Aggressive content spend and international prepayments forced Netflix into a scenario where it needed to raise capital. While this eliminates one overhang against Netflix, we still believe there is risk to Q4 as we doubt Dec. will see strong adds when most households have at least one Netflix enabled device.” NFLX closed yesterday at $74.47.