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Market Impact: 0.32
Downgrade, Steep Price-Target Cut Dings Netflix Stock
Source: schaeffersresearch.com
Analyst InsightsMedia & Entertainment
Netflix shares fell 4.8% to $71.72 after Wells Fargo downgraded the streaming company to underweight. The firm also cut its price target by 28.8%, to $57 from $80, implying further downside from the current share price.
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Overall Sentiment
moderately negative
Sentiment Score
-0.45
Ticker Sentiment
NFLX-0.72
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