Shares of Netflix Inc. spiked up to a 17-month high before paring gains, after the most bearish analyst had a change of heart, as the streaming video giant’s management has executed the crackdown on password sharing better than expected.
Analyst Eric Sheridan at Goldman Sachs raised his rating on Netflix’s stock NFLX to neutral, after being at sell for the past 13 months. He also boosted his price target by 74%, to $400 from $230.
Sheridan’s…
