NEW YORK (TheStreet) -- Shares of Netflix (NFLX) - Get Report are falling 2.99% to $93.78 in mid-morning trading on Tuesday after Needham downgraded the stock to "hold" from "buy."

The firm said Netflix's exposure to Europe should accelerate subscriber churn or slow subscriber growth.

Needham also cited negative currency translation risks and EU legal changes proposed in May that would force the streaming service to fund European films, bringing higher costs, according to the Fly.

Separately, Netflix was added to the "Best Idea List" at Guggenheim this morning. The firm also reiterated its "buy" rating and $150 price target.

The stock is down 15% year-to-date and the firm believes that all overhangs are reflected in shares at this point and positive catalysts are ahead, the Fly said.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and increase in net income.

But the team also finds weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: NFLX

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