Market Overview

UPDATE: Albert Fried & Company Initiates Netflix at Under Weight on Organic Growth Concerns

Related NFLX
Which Companies Were Winners In This Year's Emmy Awards?
5 Things You Need To Know About Twitch's Sale To Amazon
Get Ready for a Hot September for Stocks (Fox Business)

Albert Fried & Company initiated coverage on Netflix (NASDAQ: NFLX) with an Underweight rating and a $68.00 price target.

Albert Fried & Company commented, "Unlike our peers, we think NFLX's $7 billion in content exposure is a poison pill to any premium bid. In our view, if it walks like a Duck it ain't a Bird of Paradise no matter what a fancy bulge bracket firm says. If you accept our competition's argument, then choose your poison because we think whether the content costs are accounted in the numerator or the denominator the risk or the cash flow looks negative in our view."

Netflix closed at $97.70 on Thursday.

Posted-In: Albert Fried & CompanyAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (NFLX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters