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UPDATE: Caris Downgrades Netflix to Below Average

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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

DateFirmActionFromTo
Jul 2015SunTrust Robinson HumphreyMaintainsNeutral
Jul 2015RosenblattUpgradesNeutralBuy
Jul 2015RBC CapitalReiteratesOutperform

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