UBS downgrades Netflix, calling shares overvalued after 75% rally from COVID-19 lows

· *Netflix shares' risk-reward profile is becoming increasingly unattractive as investors ignore major risks and pile in, UBS said Tuesday.*
· *The firm downgraded Netflix to "neutral" from "buy" while reiterating its $535 price target.*
· *Investor debates around new competitors, rising content costs, and lasting subscriber...