Netflix shares fall after Wells Fargo downgrade and target cut
Netflix shares fell about 5% in the afternoon after Wells Fargo analyst Steven Cahall downgraded the stock to Underweight and cut his price target to $57 from $80.
Netflix shares fell 5% in the afternoon session after Wells Fargo analyst Steven Cahall downgraded the stock from Equal Weight to Underweight and cut his price target to $57 from $80. According to TipRanks, Cahall cited user engagement trends.