UPDATE: Hudson Square Research Downgrades Netflix on Challenges Ahead
In a report published Wednesday, Hudson Square Research analyst Daniel Ernst downgraded the rating on Netflix (NASDAQ: NFLX) from Buy to Hold.
In the report, Hudson Square Research noted, “While we continue to expect strong sub growth, with the shares up some 250% YTD, a premium valuation, and with potential risk to 4Q EPS consensus, we move to the sidelines, reducing our rating from Buy to Hold.”
Netflix closed on Tuesday at $321.69.
Latest Ratings for NFLX
|Jul 2016||Canaccord Genuity||Initiates Coverage on||Buy|
|Apr 2016||Goldman Sachs||Maintains||Buy|
|Apr 2016||JP Morgan||Maintains||Overweight|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.