Netflix price increase leads to stock price target hike

By | October 12, 2015

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Internet television network Netflix (NFLX) got an upbeat note from Morgan Stanley Monday following the streaming video service’s price hike last week and ahead of its third-quarter earnings report. Morgan Stanley analyst Benjamin Swinburne reiterated his overweight rating on Netflix stock and raised his price target to 135 from 125. Netflix stock rose a fraction to 113.45 on the stock market today. Concerns that major media companies might stop Scalper1 News

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