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Netflix Target Upped To $105 By Morgan Stanley

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SAN FRANCISCO Morgan Stanley upped its price target on Netflix Inc. to $ 105 from $ 80 on Wednesday morning. In a note before the opening bell, analyst Scott Devitt kept his overweight, or buy, rating on the stock, citing his belief that the online movie provider is "on course to potentially disrupt the long-standing premium cable ecosystem." Devitt said the deal the company announced last week with the Walt Disney Co. "is meaningful in that it is Netflix's second output deal with a major film studio as well as the fact that it is Disney, one of the most [...]

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