October 08, 2012 at 11:22 AM EDT
NFLX Jumps 9%: Morgan Stanley Says Buy, AMZN Threat Recedes
Shares of Netflix (NFLX) are up $6.37, or over 9%, at $72.93, after Morgan Stanley’s Scott Devitt this morning raised his rating on the stock to Overweight from Equal Weight, writing that the company “is poised to leverage its domestic cost structure and potentially become the global video platform.” Despite that grand statement, Devitt’s point [...]
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