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Netflix: Credit Suisse remains on the sidelines.

(CercleFinance.com) - Credit Suisse maintains its "neutral" rating on Netflix, preferring to remain on the sidelines given a "balanced risk/reward" on the shares.

While the broker raises its revenue estimates for 2018, following the recent price hike, Credit Suisse points out that the video-on-demand company plans to increase content acquisition spendng to between 10.9 billion dollars and 12.4 billion dollars next year.

The broker says that this does not come as a surprise as the company looks to "pull the quality of its library further further away from its competitors in a bid to continue winning consumer engagement time."

However, its target price for the stock remains virtually unchanged, at 209 dollars compared to 210 dollars previously, as the increase in revenue is offset by higher content expenses.

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