Netflix price target raised to $350 from $250 at UBS

UBS analyst John Hodulik raised the firm’s price target on Netflix to $350 from $250 and keeps a Neutral rating on the shares. He expects the company to show progress toward re-accelerating growth in Q4 and believes subscriber additions tracked in-line with management’s guidance at 4.5M, but still believes new initiatives will take time to scale, Hodulik tells investors in an earnings preview note.