Netflix – Downgrade is Questionable

Netflix, a leading video streaming service, had its shares downgraded by an analyst. What s surprising is the downgrade happened when positive tailwinds can save the day. Laura Martin, a Needham analyst, downgraded the stocks of the premium video platform on Tuesday as she argued that the United Kingdom s Brexit referendum vote could weigh on the growth of subscriptions for the service throughout Europe. Netflix Stocks Have Been Downgraded Due to Brexit Even though Netflix stocks may have opened lower because of the downgrade, as Needham s rating is going from Buy which is now Hold, the negativity did not last. Just
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