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Wedbush Reiterates Underperform on Netflix, Raises PT to $110
Tuesday, July 26, 2011 - 8:40am | 51Wedbush reiterated its Underperform rating on Netflix (NASDAQ: NFLX). At the same time, the rating agency raised its price target on the company's stock from $110 to $110. On Monday, NFLX closed the day at $281.53. Its shares fell 8.75% in today's pre-market trading to stand around $256.91.
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News Summary for July 26, 2011
Tuesday, July 26, 2011 - 7:59am | 562This is your Benzinga news summary and traders' outlook for Tuesday, July 26, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after strong earnings from several blue-chip companies. The U.S....
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Benzinga's Top Pre-Market Losers
Tuesday, July 26, 2011 - 7:48am | 100Netflix Inc (NASDAQ: NFLX) dipped 8.36% to $258.00 in the pre-market session. NFLX reported downbeat Q2 revenue and issued weak projections. Regions Financial Corporation (NYSE: RF) lost 2.25% to $6.07 in the pre-market session. RF swung to a second-quarter profit. NVIDIA Corporation (NASDAQ:...
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Piper Jaffray Reiterates Overweight and PT of $330 on Netflix
Tuesday, July 26, 2011 - 7:46am | 56Piper Jaffray reiterated its Overweight rating on Netflix (NASDAQ: NFLX). At the same time, the rating agency left its price target on the company's stock unchanged at $330. Monday, NFLX added 1.79% to its value to end the day at $281.53. Its shares fell 7.14% in today's pre-market trading to stand...
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Bank of America Reiterates Buy on Netflix, Raises PT to $335
Tuesday, July 26, 2011 - 7:41am | 58Bank of America reiterated its Buy rating on Netflix (NASDAQ: NFLX). At the same time, the rating agency raised its price target on the company's stock from $325 to $335. On Monday, NFLX added 1.79% to its value to end the day at $281.53. Its shares fell 7.14% in today's pre-market trading to stand...
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Morgan Keegan Maintains Market Perform On Netflix
Tuesday, July 26, 2011 - 7:31am | 124Morgan Keegan is out with a research report on Netflix (NASDAQ: NFLX) after it reported earnings. It has a Market Perform rating and a $295 price target on shares. In a note to clients, Morgan Keegan writes, "Q3 guidance is a wash as it has all the downside of the price increase (churn) and none...
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Jefferies Updates 7/26
Tuesday, July 26, 2011 - 7:14am | 496Jefferies made a number of updates in a research report published today. Archer-Daniels-Midland (NYSE: ADM) had its rating reiterated at Buy. At the same time, its price target was reduced from $44 to $40. On Monday, ADM lost 0.9% of its value to finish the day at $31.83. Its shares continued to...
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Jefferies PT Changes 7/26
Tuesday, July 26, 2011 - 7:11am | 203Jefferies & Company has changed the price target on the following companies: Archer-Daniels-Midland (NYSE: ADM) Buy, PT from $44.00 to $40.00 B/E Aerospace (NASDAQ: BEAV) Buy, PT from $44.00 to $48.00 Broadcom (NASDAQ: BRCM) Buy, PT from $41.00 to $46.00 Canadian National Railway (NYSE:...
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Wedbush Raises PT On Netflix To $110
Tuesday, July 26, 2011 - 7:02am | 26Wedbush Securities has raised the price target on Netflix (NASDAQ: NFLX) from $100 to $110 and maintains its Underperform rating.
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Oppenheimer Gives First Look on Netflix 3Q
Tuesday, July 26, 2011 - 7:01am | 148Oppenheimer has published a report on Netflix (NASDAQ: NFLX) commenting on 3Q guidance. In the report, Oppenheimer writes, "After the close, NFLX reported 2Q results above the Street on margins; however, 3Q guidance was below expectations. Management attributed the weaker outlook to seasonality,...
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JP Morgan Comments on Netflix 2Q Results
Tuesday, July 26, 2011 - 6:55am | 198J.P. Morgan has published a research report on Netflix (NASDAQ: NFLX) commenting on 2Q results. In the report, J.P. Morgan wrote, "Netflix's combined 2Q results and outlook for 3Q were light as 2Q subs came in below optimistic expectations and sub growth in 3Q will be hindered by the recently...
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Jefferies Reiterates Hold on Netflix, Raises PT to $265
Tuesday, July 26, 2011 - 6:48am | 57Jefferies reiterated its Hold rating on Netflix (NASDAQ: NFLX). At the same time, the rating agency raised its price target on the company's stock from $240 to $265. On Monday, NFLX added 1.79% to its value to finish the day at $281.53. Its shares plummeted in today's pre-market trading, falling 10...
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US Stock Futures Flat Ahead Of Earnings, Economic Data
Tuesday, July 26, 2011 - 6:23am | 561US stock futures are flat this morning, as investors are awaiting earnings reports and economic data. Futures for the Dow Jones Industrial Average gained 1 point to 12,551.00 and S&P 500 index futures fell 0.50 points to 1,333.00. Nasdaq 100 futures dropped 0.25 points to 2,423.25. US stocks...
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Jefferies Raises PT on Netflix To $265
Tuesday, July 26, 2011 - 6:04am | 26Jefferies & Company has raised the price target on Netflix (NASDAQ: NFLX) from $240 to $265 and maintains its Hold rating.
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Bank of America Raises PO On Netflix To $335
Tuesday, July 26, 2011 - 6:01am | 27Bank of America has raised the price objective on Netflix (NASDAQ: NFLX) from $325 to $335 and maintains its Buy rating.