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Netflix Stock Downgraded As YouTube Swipes Viewers

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Netflix (NFLX) stock has “a growing YouTube problem,” a Wall Street analyst said. Alphabet’s (GOOGL) YouTube is taking increasing viewer share from the subscription streaming video giant, he said. HSBC analyst Mohammed Khallouf on Tuesday downgraded Netflix stock to hold from buy and cut his price target to 76 from 96 as the company’s net income comes under pressure. On…

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