J.P. Morgan moves to the sidelines on Netflix as risk/reward appears balanced

2 months ago 3
Netflix

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J.P. Morgan on Monday downgraded Netflix (NASDAQ:NFLX) to "neutral" from a previous investment rating of "overweight," citing a more balanced risk/reward scenario following its "significant" stock price appreciation and outperformance.

The research firm noted that NFLX shares are at an

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