Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Netflix

Related NFLX
Benzinga's Top #PreMarket Losers
6 Ways Blockchain Could Change The World
Why Netflix Is One Of My Top Picks For 2016 (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Netflix (NASDAQ: NFLX), but lowered its price target from $65.00 to $60.00.

Jefferies noted, “Decent 3Q12 results were overshadowed by guidance that reflects continuing pressure on margins and increasing competition. Solid domestic DVD results offset some weakness in US streaming while int'l streaming subs (total and paid) surpassed our and Street expectations. However, 4Q12 guidance came in below expectations and was particularly weak for the US streaming segment.”

Netflix closed on Tuesday at $68.22.

Latest Ratings for NFLX

Oct 2015JP MorganMaintainsOverweight
Oct 2015Credit SuisseMaintainsNeutral
Oct 2015FBR CapitalMaintainsOutperform

View More Analyst Ratings for NFLX
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (NFLX)

View Comments and Join the Discussion!

Get Benzinga's Newsletters