Market News / Story
Netflix Stocks Jump 2.3% Although Morgan Stanley Trims Its Target
GuruFocus ·
GuruFocus reports: Netflix , the global streaming and advertising platform, received a lower $80 price target from Morgan Stanley, down from $83, while the bank kept its Overweight rating. Shares traded at $71.30 at 11.10am EST on October 8, up approximately 2.3%. A smaller target, but the bullish call survived. The new target leaves roughly 12.2% upside. According to the TipRanks report, Morgan Stanley flagged flat viewing hours and a shortage of English-language hits. Still, the bank…