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A Wells Fargo Analyst Noticed He Stopped Watching Netflix, Then Told Clients to Sell
Source: 247wallst.com
Analyst InsightsMedia & Entertainment
A Wells Fargo analyst downgraded Netflix after observing a change in his own personal viewing habits, diverging from the broadly more favorable stance of other analysts covering the company. The call introduces an idiosyncratic bearish view on Netflix's consumer engagement and could create modest near-term pressure on the stock.
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