NFLX...S&P Capital analyst Tuna Amobi upgraded-Netflix to Buy
March 14, 2012, 10:56 a.m. EDT
http://www.marketwatch.com/story/sp-capital-iq-upgrades-netflix-to-buy-from-hold-2012-03-14?source=email_rt_mc&ifp=0
CHICAGO (MarketWatch) -- S&P Capital IQ analyst Tuna Amobi upgraded Netflix Inc. stock to buy from hold Wednesday, saying the online video rental provider "could sustain global market share gains on exponential global growth of streaming video consumption," with long-term upside stemming from its international expansion. Amobi anticipates that unique subscribers should grow to 33 million by the end of 2012, from 26 million at the end of 2011. He sees a 2013 total of 37 million. The shares were down 2.7% on Wednesday after retail giant Wal-Mart Inc. /quotes/zigman/245476/quotes/nls/wmt WMT +0.00% unveiled its disc-to-digital service, which allows consumers to make digital copies of physical discs they own that can then be viewed on various devices including smartphones and tablets
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