NFLX: Netflix Stock Ticks Lower on Barclays Worries

An analyst set a price target below yesterday's closing price

   

NFLX: Netflix Stock Ticks Lower on Barclays Worries

Shares of Netflix (NFLX) slipped about 1% in Thursday midday trading after an analyst initiated coverage of NFLX stock with a weak rating.

Netflix sign 630 300x227 NFLX: Netflix Stock Ticks Lower on Barclays Worries
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Barclays (BCS) analyst Paul Vogel commenced coverage of NFLX with a price target of $420 per share. Vogel has given NFLX stock an “Underweight” rating, Benzinga notes.

On Wednesday, NFLX stock closed at $444.21 per share.

Vogel cited rising competition, fees NFLX has to pay to Internet Service Providers (ISPs) and the stock’s already-high valuation in determining his rating for NFLX shares, TheStreet said.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/06/nflx-netflix-stock-ticks-lower-barclays-worries/.

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