Jefferies Maintains Hold Rating, $210 PT On NFLX

Jefferies is maintaining its Hold rating and $210 PT on shares of Netflix NFLX. “We expect subs/revs/EPS growth for 1Q11 to come in at the high-end of expectations, however the plethora of content streaming deals signed recently is compelling us to lower our EPS ests for FY12 and beyond,” Jefferies writes. “While we see ways for the stock to still work from here, we believe that the risk/reward is biased to the downside.” Netflix closed Wednesday at $244.43.