NFLX Rich Tullo, an analyst with Albert Fried & Co., issued a bearish report on Netflix Tuesday and reiterated his views in a follow-up report Wednesday. The bullish investor perspective on Netflix has transitioned from a "questionable takeover story to an untenable content liability growth story," Tullo wrote. "We think the shares are significantly overvalued and should be sold."
Tullo rates the stock underweight, or sell, with a price target of 68. Shares closed at 169.74 in the stock market today.
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