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Fly News Breaks for February 2, 2016
NFLX
Feb 2, 2016 | 05:51 EDT
Piper Jaffray analyst Michael Olson upgraded Netflix to Overweight following the stock's 30% decline over the past two months. Concerns around slowing domestic growth and competition have created an entry point into the name, Olson tells investors in a research note. The analyst admits Netflix's domestic growth will continue to slow but sees the streaming service as an international growth story. He keeps a $122 price target for the stock. Netflix closed yesterday up $2.25 to $94.09.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
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