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Netflix U.S. price hikes represent 11% average increase, says TD Cowen

TD Cowen analyst John Blackledge notes that Netflix (NFLX) raised monthly fees for new U.S. sign-ups, estimating that its increases across tiers represent an 11% increase on average across the product suite. The firm, which adds that these increases could flow through to existing users in the coming months, has a Buy rating and $112 price target on Netflix shares.

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