Here are the biggest calls on Wall Street on Tuesday.
KBW downgraded J.P. Morgan to market perform from outperform.RBC initiated Domino's Pizza as outperform.Bank of America added Baker Hughes to the U.S. 1 list.Reed Hastings attends the Netflix & Mediaset Partnership Announcement, Rome, 8th October 2019.Needham downgraded Netflix to 'underperform' from 'hold'
Needham downgraded Netflix and said it anticipated subscriber losses amid increasing competition in the streaming market. "We project NFLX will lose 4mm US subs in 2020 at its premium priced tier of $9-$16/ month. We believe NFLX must add a second, lower priced, service to compete with Disney+, Apple+, Hulu, CBS All Access and Peacock, each of which have $5-$7/month choices. Since
's balance sheet cannot withstand lower revenue , we recommend a 6-8 minute/hour ad load to supplement a $5-$7/month consumer fee."
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