Netflix Edges Higher Despite HSBC Engagement Expectations Cut

Netflix (NFLX), the global streaming and advertising company, drew an HSBC downgrade to Hold from Buy, with the bank cutting its price target to $76 from $96. The stock stood at $71.535 at 11.31am ET time on Thursday, leaving HSBC's new target about 6.2% above the share price. A separate Wells Farg…