By: Wall Street Pit
October 09, 2012 at 08:21 AM EDT
Netflix (NFLX) Downgraded at Merrill
Merrill Lynch/BofA is downgrading Netflix (NASDAQ:NFLX) to Underperform from Buy this morning. - With the stock up 31% in past two weeks, risks outweigh reward heading into Q3. Since their upgrade on August 14th, several things have changed that make the firm unwilling to chase this stock after a 31% upward move in the last [...]
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