Analysts: Netflix is Too Expensive and 3 More Research Notes to Look Over
Netflix (NASDAQ:NFLX): Jefferies sees Netflix’s second quarter results as mixed, with U.S. streaming subscriber additions somewhat offset by lower marketing costs and continued margin expansion. Jefferies believes that the stock remains too expensive, and keeps an Underperform rating on the stock with a $160 price target.
Boeing (NYSE:BA): Stifel does not think that any of the problems with Boeing’s 787 will significantly affect Boeing’s quarterly performance, as the firm thinks the latest issues with the plane can be resolved relatively quickly. The firm keeps a $115 price target and Buy rating on the stock.
Yahoo (NASDAQ:YHOO): Needham has downgraded Yahoo to Hold from Buy, citing higher risks following Third Point’s share sale. With questions raised by the timing of Third Point’s exit, the firm thinks that three board seats are now being turned over as a result.
Western Digital (NYSE:WDC): BMO Capital thinks that Western Digital benefited from higher gross margins, unit sales, and prices during the June quarter, and has hiked its price target on the shares to $70 from $53. However, the firm still keeps a Market Perform rating on the stock.