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Analyst ups Netflix rating

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Analyst ups Netflix rating

Atlantic Equities analyst Hamilton Faber lifted his ratingon Netflix Inc.shares to "overweight" from "neutral," noting the streaminggiant is the "TV sweet spot," TheFly.com reported April 1.

The analyst, who increased his price target on the stock to$130 from $115, thinks Netflix is a better way of watching television since itlets viewers binge watch programming without advertising, according to thereport.