Netflix (NFLX +1.3%) edges higher after Caris' David Miller, who has been a vocal bear, upgrades...

|By:, SA News Editor

Netflix (NFLX +1.3%) edges higher after Caris' David Miller, who has been a vocal bear, upgrades shares to Average. With Netflix down 62% since his September downgrade, Miller thinks the company has bled enough. He also believes Netflix and EPIX recently altered a licensing deal to make it non-exclusive (something that should lower content costs), and that a 2013 consensus EPS estimate of $0.95 is "too draconian" (Miller forecasts $1.88). (Apple/EPIX rumors)