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UPDATE: Barclays Downgrades Vistaprint NV (VPRT) to Underweight

June 13, 2012 7:40 AM EDT Send to a Friend
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Price: $49.31 --0%

Rating Summary:
    3 Buy, 7 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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(Updated - June 13, 2012 7:43 AM EDT)

Barclays downgraded Vistaprint NV (NASDAQ: VPRT) from Equalweight to Underweight with a price target lowered from $35 to $29.

Analyst, Mark May, said, "...intra-quarter data checks, recent exchange rate changes and valuation analysis, which together suggest 4QFY12 results and FY13 guidance could fall short of consensus estimates.

FY12 EPS estimate cut from $1.73 to $1.72 (consensus is $1.78) and FY13 from $1.80 to $1.79 (consensus is $2.05).

For an analyst ratings summary and ratings history on Vistaprint NV click here. For more ratings news on Vistaprint NV click here.

Shares of Vistaprint NV closed at $33.03 yesterday.




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