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Stock impact report

Netflix shares down 2% premarket as SunTrust slashes stock-price target [MarketWatch]

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: MarketWatch
Netflix shares down 2% premarket as SunTrust slashes stock price target Netflix Inc. shares NFLX, +4.52% slid 2% in premarket trade Wednesday, after SunTrust Robinson Humphrey slashed its stock price target to $355 from $410 and said it expects fourth-quarter subscriber additions to be slightly below consensus and the company's own guidance. Analysts led by Matthew Thornton said content released in December, including a Taylor Swift concert, the film "Bird Box" starring Sandra Bullock and a film length "Black Mirror' episode should close the gap. "But meaningful 4Q upside looks unlikely. We're updating our model (recent debt raise; 2019 quarterlies) and lowering our price target to $355 (higher rates, lower comp multiples) based on DCF (discounted cash flow)," they wrote in a note. SunTrust is sticking with its buy rating on the stock, however, as it expects an improved content slate heading into mid-year. Reports that the company is about to hire a new CFO--Spencer Neumann from Ac Show less Read more
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