Netflix: Wedbush Downgrades

Wedbush analyst Michael Pachter this morning cut his rating on Netflix shares to Underperform from Neutral, with a $45 price target. ?In our view, the company's business model was broken when it raised prices for its hybrid customers, and continued customer defections will require it to invest ever increasing amounts on marketing,?

Topics:  michael pachter   netflix   underperform   neutral   wedbush   
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