Piper Jaffray Overweight On Netflix On Possible Apple TV Deal (NFLX, AAPL)

Piper Jaffray is reiterating its Overweight rating and $140 price target on Netflix NFLX. This comes as rumors that Apple AAPL may announce a deal with Netflix to put its streaming service on a new Apple TV device. Shares of Netflix closed at $125.52 yesterday. Shares are called higher in pre-market trading, gaining $4.73 to trade at $130.25 on these rumors.