Netflix upgraded by analyst; stock up
Netflix Inc. advanced to the highest price in more than two months after Morgan Stanley upgraded the stock, saying competition from Amazon.com Inc.'s Prime Instant service is “overblown.”
Netflix gained 10 percent during the day on Monday, reaching its highest price since July 24. Scott Devitt, a New York analyst for Morgan Stanley, upgraded the stock to the equivalent of a buy.
Because Amazon.com also uses its Prime Instant Video to promote rentals and purchases, it's unlikely the online retailer will offer a standalone product that competes directly with Netflix, Devitt said.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Cyber Monday increasingly a ‘blah-iday’ as deals rolled out earlier, longer
- Demand for surveillance systems boosts sales for Vector Security
- Pennsylvania Game Commission reaps revenue from shale gas under game lands
- W.V. entrepreneurs offer hope as coal fades as economic engine
- Covestro leader MacCleary finds stability amid change
- Distractions can help keep riders alert in self-driving cars, study finds
- Fed slashes its emergency power options in crisis
- Stocks dip on lower holiday spending fears
- University of Pittsburgh researchers revisit war of electric currents
- IMF adds China’s yuan to basket of top currencies
- As historic breakup nears, Alcoa works to redefine its ‘advantage’