Piper's Mike Olson is reiterating an Overweight on Netflix (NFLX -8.3%), but is cutting his PT,...

|By:, SA News Editor

Piper's Mike Olson is reiterating an Overweight on Netflix (NFLX -8.3%), but is cutting his PT, and predicting churn will remain relatively high for a while. Olson also thinks concerns about churn will weigh on shares over the near-term. On a more positive note, Cablevision's (CVC) COO says he's interested in selling Netflix's service to cable subscribers. (previously)