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Netflix Gets Upgraded

22 Jun, 2006 By: Jessica Wolf

Market analyst firm Lehman Brothers upgraded Netflix stock June 22 from equal-weight to overweight. The online rentailer's stock rose slightly (about 2%) by the end of day's trading.

Lehman Brothers analyst Douglas Anmuth upgraded the company stock to clients after estimating the service will garner 6.47 million subscribers by the end of the year, up from earlier expectations of 6.44 million, partially due to the company's lower-priced offerings this year.

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