Market Overview

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

Related NFLX
Weekly Highlights: iPhone 6S Hype, 12-Inch MacBook Air And More
Most Netflix Subscribers Still Pay For Cable, Satellite Service
The Worst CEOs of 2014 (Fox Business)

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

DateFirmActionFromTo
Dec 2014UBSInitiates Coverage onNeutral
Nov 2014Stifel NicolausDowngradesBuyHold
Oct 2014Janney CapitalMaintainsBuy

View More Analyst Ratings for NFLX
View the Latest Analyst Ratings

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

 

Related Articles (NFLX)

Around the Web, We're Loving...

Get Benzinga's Newsletters