Bloomberg: Netflix rose 7.6% to a new closing high after Guggenheim Securities recommended the stock with a price target of $160, the most of any analyst covering the company. Netflix finished at $121.15 in New York. The stock was already the top performer in the Standard & Poor’s 500 Index and has gained 148% this year. Guggenheim’s Michael Morris issued a buy recommendation Tuesday. “Netflix is based on a sound concept: Utilize improvements in technology to better entertain consumers in an efficient manner at an attractive price.”