Barclays Upgrades Netflix To Equal-weight

Analysts at Barclays upgraded Netflix

from Underperform to Equal-weight. The target price for Netflix has been raised from $420 to $480. Netflix shares have jumped 57.55% over the past 52 weeks, while the S&P 500 index has gained 18.65% in the same period. Netflix's shares rose 0.60% to $484.47 in pre-market trading.