Eric Sheridan Netflix covid-19 reports Eric Sheridan Netflix

Analyst Downgrades Netflix Stock: "Pausing the Bingeing at These Levels"

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hollywoodreporter.com

Ahead of Netflix's second-quarter earnings report after the market close on Wednesday, two more analysts updated their expectations.

UBS analyst Eric Sheridan downgraded his rating on Netflix shares from "buy" to "neutral" in a Tuesday report entitled "Pausing The Bingeing At These Levels." "For the second quarter in a row, we expect Netflix’s earnings report to demonstrate a widespread benefit as the COVID-19 environment continues to impact consumer behavior and consumption habits and user growth dynamics remain strong,” he explained.

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