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Fly News Breaks for May 23, 2016
NFLX
May 23, 2016 | 07:36 EDT
After conducting surveys and speaking with Netflix's management, RBC Capital does not expect the company's churn to significantly increase in the wake of its recent price increases. Additionally, the firm says its survey of French and German consumers indicates that demand for Netflix's product is rising significantly in those countries. RBC keeps a $140 price target and Outperform rating on the shares.
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