Wedbush Securities Reiterates Underperform Rating, $45 PT on Netflix

In a report published Wednesday, Wedbush Securities reiterated its Underperform rating and $45.00 price target on Netflix (NASDAQ: NFLX ). Wedbush noted, “In our view, the market's positive reaction to Tuesday's announcement (Netflix shares closed up 14% on Tuesday) was unwarranted, as the exclusive nature of the deal was highly