Netflix (NFLX +5.7%) surges above $97 after BMO raises its PT to $88 from $65. The firm, which...

|By:, SA News Editor

Netflix (NFLX +5.7%) surges above $97 after BMO raises its PT to $88 from $65. The firm, which maintains a Market Perform, predicts Netflix will remain the dominant online streaming provider, and also expects further international expansion. 26.1% of the float was shorted as of Dec. 14, providing ample fuel for a short-covering rally.