Netflix downgraded by UBS, Walmart to sell supermarket business in Japan, AT&T invests in augmented reality

Yahoo Finance Video

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

UBS just downgraded the Netflix (NFLX) to Neutral. Analyst Eric Sheridan says any future growth at the company is already priced in, and the stock is “less compelling” after its 118% rally so far this year. Still, he raised his price target for Netflix to $425 a share.

Walmart (WMT) is reportedly looking to get out of the supermarket business in Japan. The Nikkei business daily says Walmart has decided to sell Japanese supermarket chain Seiyu. The price tag could top $2.7B. Walmart has been shedding some of its more sluggish overseas operations in recent months.

AT&T (T) is making an investment in augmented reality. It just cut a deal with start-up Magic Leap, to exclusively sell a version of an augmented reality headset. The terms weren’t announced, but AT&T says the deal is for several years. Magic Leap still hasn’t given a firm date for when its first product will be available for consumers.

The World Cup is not scoring a goal for Fox (FOX). The Wall Street Journal says the company expects to lose money on the tournament this year. Without the US team, ratings have been a third lower than 4 years ago. France is set to take on Croatia in the World Cup Final Sunday at 10am Eastern.

What to read next