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Strategies & Market Trends : Befriend the Trend Trading
SPY 680.44+0.6%Dec 19 4:00 PM EST

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From: Dr. Stoxx9/27/2005 7:09:40 AM
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07:05 NFLX Netflix upgraded to Outperform at Bear Stearns; tgt raised to $30 (23.97 )

Bear Stearns upgrades NFLX to Outperform from Peer Perform and raises their tgt to $30 from $19, saying they are now more bearish on in-store rental trends, trends which stand in contrast with those of NFLX. They believe that online rentals will take share at a rate faster than they had previously expected and thus raise their assumptions for the online rental mkt size to 15 mln subs from 10--12 mln. Also, firm notes that at the co's analyst day, mgmt has sounded an increasingly optimistic note, introducing strong guidance.
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