BUZZ — Netflix dips after Wells Fargo downgrades stock, sees 'messier story'

* Netflix shares dip 3.1% to $72.98 in premarket trading * Wells Fargo downgrades stock to "underweight" from "equal weight"; cuts PT to $57 from $80, representing a 24.3% downside to the stock's last close * Brokerage attributes downgrade to softer viewership and sees "a messier NFLX story" and "tougher choices ahead" including a reboot in content spends, licensing third-party content including live sports and/or mergers and acquisitions * "We see breakout hits as a must for the stock to work again," says Wells Fargo * As of last close, shares down more than 19% YTD (Reporting by Sudeshna Ghoshal in Bengaluru) ((Sudeshna.Ghoshal@thomsonreuters.com;)