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Janney Montgomery Scott upgrades Netflix (NFLX) to Buy from Neutral on its take that the...

Janney Montgomery Scott upgrades Netflix (NFLX) to Buy from Neutral on its take that the company's new deals and CDN platform will help generate improved earnings. "Improving fundamentals could point to a short squeeze in the making."
Comments (1)
  • arthurbuchner1
    , contributor
    Comments (43) | Send Message
     
    Not sure Id trust a company with a track record on the stock that is poor ,especially as the view is it will go up as the shorts get squeezed.They had a sell on netflix at 36 usd in oct 2009 which they maintained all the way till the stock got to 172 usd in oct 2010,then they went neutral ,thats a lot of pain if you followed them then .They then called a sell at 228 usd in april 2011,here they got a call semi right calling it a sell though the price target was 170 ,when it was trading 140 they dropped the price target to 102 from 170 ,thats a bit late .at 77 the target was dropped from 102 to 51 ,bit late again,then raised target when the stock bounced to 116,bit late again ,finally at 67 they were neutral.So Why would i listen to them telling me its a buy at 100 usd .PS their neutral price target was 48 usd until today when they now decided its worth 129 .........me thinks they a bit late again and all the good stuff at the buffett has been eaten
    18 Jan 2013, 07:56 AM Reply Like
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