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Netflix cut at UBS to neutral from buy

“UBS downgraded its Netflix Inc. rating on Thursday to neutral from buy, though it increased the price target to $425 from $375” writes Sarah Toy for marketwatch.com. But the firm also said they saw “weakening US consumption trends” for Netflix in the second quarter, based on data from comScore. The company’s price has risen 118% so far this year, while the S&P 500 SPX, +0.64%   has gone up 3.8%.
 
Source: marketwatch.com



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