Netflix shares are trading lower after Wedbush removed the stock from its Best Ideas List but maintained its Outperform rating.
Portfolio Pulse from Benzinga Newsdesk
Netflix shares are trading lower following Wedbush's decision to remove the stock from its Best Ideas List, although it maintained an Outperform rating.

March 27, 2024 | 6:53 pm
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Netflix shares are trading lower after being removed from Wedbush's Best Ideas List, despite retaining an Outperform rating.
The removal of Netflix from Wedbush's Best Ideas List likely led to a negative investor sentiment, causing the stock to trade lower. However, the retention of the Outperform rating suggests that Wedbush still sees long-term value in Netflix, which might mitigate the negative impact to some extent.
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IMPORTANCE 75
RELEVANCE 100