HSBC Downgrades Netflix to Hold, Lowers Price Target to $76
HSBC analyst Mohammed Khallouf downgrades Netflix (NASDAQ:NFLX) from Buy to Hold and lowers the price target from $96 to $76.
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HSBC analyst Mohammed Khallouf downgrades Netflix (NASDAQ:NFLX) from Buy to Hold and lowers the price target from $96 to $76.
Paramount's acquisition of Warner Bros. Discovery will close sooner than expected after settling antitrust lawsuits with state attorneys general. The settlement requires Paramount to increase domestic film production by $300 million annually and guarantee theatrical releases. Netflix benefits from having one fewer competitor, while Paramount faces an $80 billion debt burden that could limit its competitive ability.
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