Netflix Inc (NASDAQ:NFLX) shares are trading higher Tuesday afternoon, defying broader tech sector volatility and a price target reduction from JPMorgan. The rebound follows a rocky start to the week after the company began trading on a 10-for-1 split-adjusted basis. Here’s what investors need to know.
What To Know: Earlier in the day, JPMorgan analyst Doug Anmuth maintained a Neutral rating on the streaming giant but lowered his price forecast from $127.50 to $124.
