Huber Research analyst Craig Huber downgraded Netflix (NFLX) to Underweight from Neutral with a $92 price target after the company announced an agreement to buy the studio and streaming assets of Warner Bros. Discovery (WBD)
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Read More on NFLX:
- Paramount bid $30 per share cash for all of Warner Bros. Discovery, CNBC says
- Morning Movers: Warner Bros. rises, Netflix falls after acquisition deal
- Video: Netflix slides after striking deal for Warner Bros.
- Netflix Announces Acquisition of Warner Bros. Discovery
- Netflix drops 2% to $100.68 after Warner Bros. Discovery deal
