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Netflix shares fall after UBS downgrades stock on valuation, analyst says good news ‘all priced in’

Tae Kim

UBS lowers its rating to neutral from buy for Netflix shares, citing the internet company’s high valuation. UBS is getting less bullish over Netflix NFLX shares after the stock’s stunning rally this year. The firm lowered its rating to neutral from buy for Netflix shares, citing the internet company’s high valuation.