Analysts: Competition Will Prevent Netflix Price Hikes and 2 Analyst Notes To Know About
Netflix (NASDAQ:NFLX): Evercore has initiated coverage of Netflix, and its first note on the media-streaming service pegged its shares at Underweight, with a $115 price target. The firm cited expectations of more than one Internet TV competitor in the space – Intel (NASDAQ:INTC) is expected to launch its own web-based service later this year — which will result in higher programming costs and reduced pricing growth.
Darden Restaurants (NYSE:DRI): Telsey Advisory has said that reports of its guidance, which err on the side of caution and are “old news,” is a weakness that the firm is using as a buying opportunity.
Zumiez (NASDAQ:ZUMZ): RW Baird believes that near-term comps, combined with unfavorable weather, and the shift in Easter poses challenges for Zumiez, but is still optimistic on the company’s shares, and cited comp performance should improve sequentially. It retained an Outperform rating along with a $29 price target.
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