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+--- Thread: Netflix shares drop after Morgan Stanley downgrade (/thread-15378.html)
Netflix shares drop after Morgan Stanley downgrade - chairman - 01-07-2014
NEW YORK (MarketWatch) -- Shares of Netflix Inc. (NFLX) were downgraded to an underweight rating from equal-weight by Morgan Stanley on Tuesday. The firm also cut its 12-month base case estimate to $310 from $333. Analysts led by Scott Devitt attributed the downgrade to increased competition in the U.S. video-streaming market from products like Amazon Prime Instant Video, HBO Go and Hulu Plus. "This could challenge Netflix's gross subscriber growth and lead to higher U.S. marketing [and] content costs," the analysts wrote. Netflix shares dropped 3.5% in premarket trade.
Re: Netflix shares drop after Morgan Stanley downgrade - ketchim - 01-09-2014
Oooooppps....just when Netflix had revamped and starting to worth its monthly fee !