Pivotal Research Group is moving away from Netflix for the time being. Analyst Jeffrey Wlodarczak downgraded the streaming stock to a hold rating from buy. He also lowered his target price to $105 per share from $160, which implies a gain of just 5%. Wlodarczak cited Netflix's $72 billion deal to buy Warner Bros. Discovery's film studio and streaming services as the reason for his downgrade. Headwinds it introduces, he said, include approval risk and a likely time frame of between 18 to 24 months to close, along with the possibility of a bidding war with Paramount Skydance that could further drive the cost higher. NFLX YTD mountain NFLX YTD chart Most importantly, he added, this deal underscores Netflix's concern that short form entertainment and declining attention spans are stealing mark

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