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 2016||Piper Jaffray||Upgrades||Neutral||Overweight|
|Jan 2016||JP Morgan||Reiterates||Overweight|
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