WASHINGTON (dpa-AFX) - After gapping open sharply higher, shares of Netflix, Inc. (NFLX) continue to see significant strength in afternoon trading on Friday. Netflix is currently up by 3.9 percent after ending the previous session at its lowest closing level in nearly two months.
The rebound by Netflix comes after Citi upgraded its rating on the video streaming service's stock to Buy from Neutral.
Citi described recent weakness by shares of Netflix as 'an opportunity to own a high-quality, recurring revenue franchise with attractive upside potential.'
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