Shutterfly (SFLY) Sell-Off on Amazon Prints Creates Buying Opportunity - RBC

September 22, 2016 12:57 PM EDT
Get Alerts SFLY Hot Sheet
Price: $52.84 --0%

Rating Summary:
    9 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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RBC Capital analyst Andrew Bruckner is the latest to defend Shutterfly Inc. (NASDAQ: SFLY) after yesterday's sharp sell-off after Amazon Prints went live.

"We think this is a near-term overhang on SFLY but don’t see the current product as a L-T competitive threat," Bruckner said. "SFLY's negative move yesterday seems overdone and creates a buying opportunity."

The firm maintained an Outperform rating and price target of $57 on SFLY.

For an analyst ratings summary and ratings history on Shutterfly Inc. click here. For more ratings news on Shutterfly Inc. click here.

Shares of Shutterfly Inc. closed at $44.20 yesterday.

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