Here's Why Netflix Shares Were Higher in Tuesday's Session

Shares of Netflix were higher as analysts with J.P. Morgan were taking action on some of the internet's biggest giants.
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Shares of Netflix (NFLX) - Get Report were higher Tuesday after analysts with J.P. Morgan raised the price target to $125 from $116. The analyst team said in a research note Tuesday that the video streaming service provider remains "one of the most contentious stocks" given its mixed performance over the past year, ongoing uncertainty around pricing changes, challenges modeling new international markets and heavy content costs. But they believe the company is setting up for a "cleaner story into 2017" as a larger, more profitable company with increased localization in strategic new markets.

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