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News 2026-09-18 11:22 UTC

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"