Wedbush Reiterates Underperform on Netflix, Raises PT to $110

Wedbush reiterated its Underperform rating on Netflix 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.