UPDATE: Caris Downgrades Netflix to Below Average
Caris & Co. downgraded Netflix (NASDAQ: NFLX) from Average to Below Average and raises price target from $59 to $60.
The analyst pointed out the Disney deal will not be fully implemented til 2016 and will cost ~$300 million per year. The Caris analyst also warned the proxy fight with Carl Icahn could raise SG&A spending.
Latest Ratings for NFLX
|Sep 2015||Bank of America||Maintains||Buy|
|Aug 2015||RBC Capital||Maintains||Outperform|
|Aug 2015||Stifel Nicolaus||Maintains||Buy|
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