Jeffries isn't thrilled with Netflix's (NFLX +2.9%) price hike, which was received well by the...

|By:, SA News Editor

Jeffries isn't thrilled with Netflix's (NFLX +2.9%) price hike, which was received well by the Street. With prices rising 60% for many customers, Jeffries believes churn could grow, damaging Netflix's subscriber growth and valuation. But Jeffries does see Netflix's average revenue per user increasing to as much as $14 from the current $11.80.