Netflix upgraded to buy from neutral at Janney
NEW YORK (MarketWatch) -- Netflix Inc. drew an upgrade from Janney Capital Markets to buy from neutral on Friday. Analysts cited a potential content deal with Sony Corp. on the heels of a pact with Walt Disney Co. [S: dis]. Expectations for subcription growth have come down, setting the stage for upside driven by new subscriptions, content cost control for existing content, and a potential price increase, analysts noted. Shares of Netflix rose nearly 3% in premarket trades.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for
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