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Stock Market Today, Sept. 18: Netflix Falls on Analyst Downgrade and Slashed Price Target
Source: Nasdaq
Analyst InsightsMedia & EntertainmentCorporate EarningsCompany Fundamentals
Netflix closed at $71.79, down 4.67%, after Wells Fargo downgraded the streaming company and reduced its price target. The bank cited weaker viewer engagement and content-related concerns, increasing focus on Netflix's upcoming earnings report for evidence of subscriber and operating momentum.
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