Guggenheim analyst Michael Morris raised his price target for Netflix to $360 from $285 and keeps a Buy rating on the shares. The streaming service closed yesterday down $5.42 to $315.88. Global usage data shows continued engagement growth through February, Morris tells investors in a research note. The analyst sees this as supporting his confidence that Netflix is "effectively investing into an underappreciated global subscriber opportunity." The analyst sees no indication that Netflix's three P's of growth, or penetration, pricing, and profit potential, will show weakness in Q1. Morris believes Netflix's momentum continued into 2018.

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here