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Benzinga
Benzinga
Business
Adam Eckert

FOUND: What s going on with netflix stock - What They Never Told You

Shares of several companies are trading higher Tuesday as stocks rebound following weakness stemming from recent Fed policy tightening. However, Netflix Inc (NASDAQ:NFLX) is underperforming. So what's going on?

Stifel analyst Scott Devitt maintained Netflix with a Hold rating on Tuesday and lowered his price target from $300 to $240, citing affordability concerns. 

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