Diamonds and Dogs
Wynn Resorts (WYNN) winning today. The casino company is up 2% thanks to an upgrade at Goldman Sachs. The analyst raised their price target to $155 a share based on valuation and improving fundamentals in Macau, China along with their new Boston Harbor casino, Encore.
Netflix (NFLX) negative for the day and negative for the year. The streaming media giant is down 4% today after one of its biggest bulls downgraded the stock with a new lower price target. Netflix is facing big-time competition from Disney, Apple, and AT&T. The analyst suggests Netflix will probably have to spend even more on new content further postponing profitability. Netflix is down 33% since the highs set in July.
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