This morning, Morgan Stanley downgraded shares of Netflix (NASDAQ:NFLX) from equal weight to underweight as the company is seeing increased competition from other video streaming services. In the report, Morgan Stanley noted that similar products from Amazon (NASDAQ:AMZN), HBO Go and Hulu Plus could impact the subscriber growth for Netflix -- who had previously been unchallenged in the sector. Morgan Stanley lowered its price target to $310 in the report. Shares of Netflix were lower on Tuesday morning, falling 4.4% so far.
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