Netflix Trading Higher After Janney Note On Content

Shares of Netflix NFLX are trending higher Tuesday morning after Janney Capital’s Tony Wible provided an update on the company.

According to Wible, Sony Animation content does not appear to be on Starz’s STARZA streaming platform and that Netflix may now have the content. There has been no official release on the commentary, but Wible says that if he is correct, this would be an “incremental positive” for Netflix and correspondingly an “incremental negative” for Starz.

Janney Capital currently has a buy rating and $450 price target on Netflix with a neutral rating and $33 price target on Starz. Shares Netflix were last 0.41 percent in pre-market trading to $402.35.