Netflix Inc (NASDAQ:NFLX) is positioned to out-muscle its competitors in the ongoing streaming wars, analysts at Wedbush wrote in a note to clients Thursday.
Wedbush kept the streaming giant on its Best Ideas List, reiterating its Outperform rating and $525 price target. Netflix shares rose 0.5% Thursday to $491.61.
Analysts at Stifel remain optimistic about Hipgnosis Songs Fund Limited (LSE:SONG)’s prospects despite a messy interim earnings report and ongoing spat with its own investment adviser over the true worth of the company’s assets.
“While there has been a clear breakdown in communication between the board and manager, the most important aspect from a shareholder perspective is whether the assets are broadly performing,” said Hipgnosis.
Frasers Group PLC's (LSE:FRAS) acquisition of Matches Fashion will provide cost-saving opportunities and will complement the group’s offering but is only a small part of Mike Ashley’s empire, analysts said.
Matches Fashion, a loss-making online luxury retailer, was picked up at the discounted price of around £50 million by the Sports Direct owner on Wednesday.