Bank of America Maintains Buy Rating on Netflix Despite Lowered Price Target
Following mixed earnings, Bank of America analyst Jessica Reif Ehrlich lowered her price target for Netflix (NFLX) to $105 from $125 but maintained a 'Buy' rating. The stock closed at $68.95 on July 17 after declining due to weaker-than-expected Q3 sales guidance.
Topics: earnings reaction price target change stock analysis