Shares of Netflix (NFLX +3.4%) surge after Credit Suisse upgrades the stock and raises its price...

|By:, SA News Editor

Shares of Netflix (NFLX +3.4%) surge after Credit Suisse upgrades the stock and raises its price target to $280 from $180, arguing that current prices fairly reflect the competitive risk and that the international potential is becoming clearer. Shares have retreated ~15% from all-time highs, and "headline risk around new competition is more fully reflected in share price levels."