Netflix Downgraded To In-Line From Outperform At Imperial Capital
Imperial Capital analyst David Miller downgraded Netflix (NFLX) to In-Line from Outperform with an unchanged price target of $489.
The stock closed Thursday down $8.75 to $476.89.
The shares are up over 50% since January 2, Miller tells investors in a research note. As a result, the analyst sees only an additional 2.5% upside in Netflix.
He cites valuation for the downgrade to In-Line.
Disclosure: None.
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