Netflix price target raised to $350 from $300 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on Netflix to $350 from $300 and keeps an Equal Weight rating on the shares following the Q4 results. Content strength in November and December, combined with less price increase related churn year-over-year, helped drive nearly 8M net adds in Q4 nicely above expectations, Swinburne tells investors in a research note.