Netflix Falls After Deutsche Initiates With 'Sell' Rating
Netflix was down slightly Monday after having coverage initiated with a Sell rating by analysts at Deutsche Bank.
Shares of Netflix (NFLX) - Get Report were down slightly Monday after having coverage initiated with a Sell rating by analysts at Deutsche Bank. The firm also set a downside price target of $90 on the company saying that it was skeptical that the company would be acquired. The note wasn't all negative for Netflix, with Deutsche Bank stating that it thinks "Netflix will continue to succeed given its constant re-investment into content and user experience." However, the firm does see Amazon as the competitor to watch for the company.
