Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing'

Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing'

6 years ago
Anonymous $hM_jrxqbr-

https://www.cnbc.com/2018/07/17/deutsche-bank-downgrades-netflix-but-says-big-subscriber-miss-is-not-.html

Netflix shares were downgraded by Deutsche Bank from "buy" to "hold' on Tuesday, following the streaming company's huge second quarter subscriber miss on Monday.

"The slowdown in growth is not thesis changing, but does require a re-evaluation of value and consideration of the stock's year to date appreciation from $200 per share," Deutsche Bank said in a note to investors. "Our long-term outlook for Netflix’s business has not changed all that much."

Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing'

Jul 17, 2018, 12:43pm UTC
https://www.cnbc.com/2018/07/17/deutsche-bank-downgrades-netflix-but-says-big-subscriber-miss-is-not-.html > Netflix shares were downgraded by Deutsche Bank from "buy" to "hold' on Tuesday, following the streaming company's huge second quarter subscriber miss on Monday. > "The slowdown in growth is not thesis changing, but does require a re-evaluation of value and consideration of the stock's year to date appreciation from $200 per share," Deutsche Bank said in a note to investors. "Our long-term outlook for Netflix’s business has not changed all that much."