By: Benzinga
Bank of America Merrill Lynch Reiterates Underperform Rating, $60 PO on Netflix
In a report published Wednesday, Bank of America reiterated its Underperform rating and $60.00 price objective on Netflix (NASDAQ: NFLX ). Bank of America noted, “Netflix developed and is the leader in the subscription DVD rental market. More recently Netflix's growth has been driven by its streaming service which allows
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