Evercore upgrades Netflix; shareholders reject chairman/CEO split

|By:, SA News Editor

Evercore has upgraded Netflix (NFLX) to Overweight after the bell. The firm upgraded Netflix to Equal Weight last October, when shares were at $355. It launched coverage at Underweight the prior April, when shares were at $169.

Separately, shareholders have rejected a non-binding proposal calling for the chairman and CEO roles (both currently held by Reed Hastings) to be split by a 53/47 margin. Hastings was re-elected to Netflix's board by a 74/26 margin.

NFLX +0.5% AH.