Netflix Drops Warner Pursuit, Returns To 'Business As Usual'

The move underscores Netflix's continued emphasis on organic growth. Despite lowering its price forecast, Bank of America Securities remains bullish on the streaming giant.Netflix Walks Away From Warner Bros. DealAnalyst Jessica Reif Ehrlich maintained a Buy rating on Netflix while lowering her price forecast from $149 to $125.Netflix chose not to match the higher offer and walked away, noting the Warner Bros. assets were a "nice to have" rather than a "must have" for its portfolio.Company Refocuses On Orga ...