Following Netflix Inc's NFLX second-quarter results and guidance, Credit Suisse lowered its estimates for 2020 and 2021 and said there seems to be a lack of near-term catalysts. The Netflix Analyst: Douglas Mitchelson downgraded Netflix from Outperform to Neutral and cut the price target from $550 to $525. The Netflix Thesis: Netflix has benefited from its strong repertoire of content and the coronavirus crisis-driven increase in viewership of video streaming services, Mitchelson said in the Friday downgrade note. (See his track record here .)