Analysts Offer Insights on Services Companies: Netflix (NASDAQ: NFLX) and CSX Corp (NASDAQ: CSX)

By Ryan Adsit

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Netflix (NFLXResearch Report) and CSX Corp (CSXResearch Report).

Netflix (NFLX)

In a report released today, Matthew Harrigan from Buckingham maintained a Hold rating on Netflix, with a price target of $358. The company’s shares closed yesterday at $359.46.

According to TipRanks.com, Harrigan is a 4-star analyst with an average return of 7.4% and a 65.7% success rate. Harrigan covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and GCI Liberty Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $409.57 average price target, implying a 13.9% upside from current levels. In a report issued on April 2, Rosenblatt Securities also initiated coverage with a Hold rating on the stock with a $350 price target.

See today’s analyst top recommended stocks >>

CSX Corp (CSX)

Raymond James analyst Patrick Brown maintained a Buy rating on CSX Corp today and set a price target of $84. The company’s shares closed yesterday at $75.89, close to its 52-week high of $77.15.

According to TipRanks.com, Brown is a top 100 analyst with an average return of 16.9% and a 80.8% success rate. Brown covers the Services sector, focusing on stocks such as Kansas City Southern, Genesee & Wyoming, and XPO Logistics.

Currently, the analyst consensus on CSX Corp is a Moderate Buy with an average price target of $81.50, which is a 7.4% upside from current levels. In a report issued on April 4, Citigroup also maintained a Buy rating on the stock with a $86 price target.

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