HSBC Downgrades Netflix to Hold, Cuts Target to $76 as YouTube Hits Record 14.2% U.S. TV Share on Tuesday
According to HSBC, on Tuesday the firm downgraded Netflix Inc. (NFLX) to 'Hold' from 'Buy' and cut its price target to $76 from $96, citing mounting competitive pressure from YouTube. YouTube captured a record 14.2% share of U.S. TV time in July, while Netflix's viewership fell to 7.8%, its lowest l
NFLX1.80%
GateNews·09-22 13:57
