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Wajeeh Khan

This Analyst Just Downgraded Netflix Stock, And YouTube May Be to Blame

Netflix (NFLX) shares ended lower on Tuesday after senior HSBC analyst Mohammed Khallouf said investors shouldn’t bet on a swift recovery in the streaming giant.

Khallouf downgraded NFLX in his latest research note to “Hold” and lowered his price target to $76, which does not represent any meaningful upside from current levels.

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