Spotify got upgraded by two firms, and furniture stock RH was downgraded by Telsey.
Here are Monday's biggest calls on Wall Street: Jefferies reiterates Netflix as buy Jefferies said its recent survey checks show that Netflix should be able to retain users despite a password sharing crackdown. "We believe NFLX is positioned as the 'must-have' streaming service and is a contender for the #1 spot in video content distribution." Wells Fargo upgrades Spotify to overweight from equal weight Wells said the stock is coming off of "margin probation.
A clear negative for the rest of Retail, especially as 3P is driving AMZN's gains. One positive: the big are back to getting bigger; WMT/COST may be best positioned." Wells Fargo reiterates Dollar General and Ollie's top picks Wells said Dollar General has "unique flexibility." The firm also said that Ollie's Bargain Outlet has an attractive risk/reward.
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