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Netflix (NFLX) stock has been impacted lately by the threat of growing competition, but Guggenheim Securities on Friday said those concerns are overblown. Guggenheim analyst Michael Morris reiterated his buy rating on Netflix stock with a price target of 160. Netflix was down more than 1% to about 98 in afternoon trading on the stock market today. Increased investments by streaming video rivals such as Amazon.com (AMZN) and Hulu are representative Scalper1 News
Scalper1 News