Morgan Stanley, Barclays Cut Netflix Price Targets Ahead of Q2 Earnings Amid Churn Concerns
Morgan Stanley cut Netflix's price target to $90 from $115 while maintaining an Overweight rating, citing concerns that recent subscription price hikes, seasonal weakness, and a lighter content slate may have increased subscriber churn. Barclays also lowered its target to $85 from $110, keeping an
NFLX-2.85%
GateNews·07-15 07:13
