Jefferies downgrades Netflix to hold, says streamer may need to shift focus to video games

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Jesse Pound@/in/jesse-pound@jesserpound
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Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022.
Michael Nagle | Bloomberg | Getty Images

Netflix's stock may struggle to rebound until the company can change its story after years of success, according to investment firm Jefferies.