Morgan Stanley Becomes More Cautious On Netflix (NFLX)

Morgan Stanley said it is becoming more cautious on Netflix NFLX in a research report published today. In the report, Morgan Stanley states,"With its current valuation, we believe that WFMI shares will need to beat estimates and raise EPS guidance for the stock to accelerate from here." Morgan Stanley currently has an Equal-weight rating on Neflix. In today's pre-trading session, Netflix stood at $238.98, up 2.51% on Friday's $232.67.