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
|Feb 2015||Janney Capital||Maintains||Buy|
|Feb 2015||JP Morgan||Maintains||Overweight|
|Jan 2015||Stifel Nicolaus||Maintains||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.