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Netflix downgraded to Neutral from Buy at Merriman
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Netflix downgraded to Neutral from Buy at Merriman
Merriman downgraded Netflix (NASDAQ:NFLX) based on valuation, difficult margin comps, inreased international spending, and higher costs to new content agreements. The first set their price target range from $300-$330.Netflix is currently above its 50-day moving average (MA) of $251.42 and above its 200-day of $208.53. In the last five trading sessions, the 50-day MA has climbed 0.49% while the 200-day MA has risen 0.67%.
Video Length: 0
Date Found: July 06, 2011
Date Produced: July 06, 2011
View Count: 0
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