Tags: netflix | shares | analyst | buy

Netflix Shares Rise after Analyst's 'Buy' Signal

Tuesday, 14 Aug 2012 04:58 PM

Netflix Inc., the video-streaming service, rose as much as 5.3 percent after Bank of America raised its rating on the stock to buy from underperform.

Netflix, based in Los Gatos, California, gained 4.4 percent to $62.55 at 2:23 p.m. New York time after advancing as high as $63.10.

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