Netflix Slips on Wedbush Morgan Downgrade (NFLX)
Nov 24, 2009 (SmarTrend(R) News Watch via COMTEX) --
Company: Netflix, Inc. (NFLX)
11/24/2009-Netflix (NASDAQ:NFLX) shares are trading 2% lower Tuesday after it was downgraded to underperform with a $50 target price by Wedbush Morgan.
Wedbush said shares have more than doubled this year reflecting a valuation that is "well above what can be reasonably expected."
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Copyright (C) 2010 Comtex SmarTrend(R). All rights reserved
News Provided by COMTEX
Company: Netflix, Inc. (NFLX)
Related terms: market, nasdaq, securities
