TD Cowen lowered the firm’s price target on Netflix (NFLX) to $142 from $142.50 and keeps a Buy rating on the shares. The firm said there are lingering questions amid the unprecedented nature of the deal with Warner Bros. Discovery (WBD) but they do see a unique opportunity to marry its globally scaled streaming platofrm with historic IP.
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Read More on NFLX:
- Warner Bros. Discovery price target raised to $29.50 from $26 at Deutsche Bank
- ‘Very Risky!’ Analyst Downgrades NFLX Stock Amid Netflix–Warner Bros Deal
- Warner Bros. Discovery price target raised to $30 from $25 at Benchmark
- Netflix downgraded to Neutral from Buy at Rosenblatt
- Warner deal adds ‘noise to a once clean’ Netflix story, says Jefferies