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.
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