Netflix price target raised to $215 from $170 at Societe Generale

Societe Generale analyst Christophe Cherblanc raised the firm’s price target on Netflix to $215 from $170 and keeps a Sell rating on the shares. The analyst sees positive value in the company’s advertising offer launch and its initiative to monetize password borrowers. However, the new price target still implies negative 12-month projected total return, Cherblanc tells investors in a research note.