Netflix stock edges higher as CFRA downgrades on Warner Bros. deal risk
Netflix shares rose about 1% to $91.90 Monday despite CFRA downgrading the stock to Hold and cutting its price target to $100, citing risks tied to the planned $82.7 billion Warner Bros. Discovery deal. CFRA warned the deal could face prolonged U.S. and EU regulatory scrutiny and possible required divestitures. Investors await Netflix’s Jan. 20 results for details on financing and deal terms.