HSBC downgrades Netflix to Hold citing YouTube engagement pressure
HSBC downgraded Netflix (NFLX) to ‘Hold’ from ‘Buy’, saying Alphabet’s YouTube is taking increasing viewer share and that a near-term recovery in engagement is unlikely.
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HSBC downgraded Netflix (NFLX) to ‘Hold’ from ‘Buy’, saying Alphabet’s YouTube is taking increasing viewer share and that a near-term recovery in engagement is unlikely.