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Netflix downgraded to Accumulate from Buy at Phillip Securities
The Fly

Netflix downgraded to Accumulate from Buy at Phillip Securities

Phillip Securities analyst Jonathan Woo downgraded Netflix to Accumulate from Buy with a price target of $388, up from $346. Netflix continues to grow its subscriber base and its "Basic with ads" plan is showing early signs of promise, the analyst tells investors in a research note. The analyst cites the recent rally in the shares for the downgrade.

Published first on TheFly

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