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
|Dec 2014||UBS||Initiates Coverage on||Neutral|
|Nov 2014||Stifel Nicolaus||Downgrades||Buy||Hold|
|Oct 2014||Janney Capital||Maintains||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.