Jefferies Maintains Bulllish Views, Lifts Target On Shutterfly (SFLY)
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Price: $50.97 --0%
Rating Summary:
4 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Rating Summary:
4 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
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Jefferies raised its price target on Shutterfly Inc. (NASDAQ: SFLY) from $63 to $65 and maintained their Buy rating.
The firm cited: a) strong growth momentum and raised FY11 outlook, b) potential upside from upsell/cross-sell from TP acquition and c) margin expansion."
Commenting, the said, "While 3Q outlook is below consensus ests, we do not see it as a cause for alarm, given TP's seasonality and mgt's conservatism."
For more ratings news on Shutterfly Inc. click here and for the rating history of Shutterfly Inc. click here.
Shares of Shutterfly are roughly flat today at $58.
The firm cited: a) strong growth momentum and raised FY11 outlook, b) potential upside from upsell/cross-sell from TP acquition and c) margin expansion."
Commenting, the said, "While 3Q outlook is below consensus ests, we do not see it as a cause for alarm, given TP's seasonality and mgt's conservatism."
For more ratings news on Shutterfly Inc. click here and for the rating history of Shutterfly Inc. click here.
Shares of Shutterfly are roughly flat today at $58.
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