UPDATE: Craig-Hallum Downgrades Stamps.com (STMP) to Hold

(updated to add analyst comment)

Craig-Hallum analyst George Sutton downgraded Stamps.com (NASDAQ: STMP) from Buy to Hold with a price target of $48.00.

The analyst comments "George Sutton note discussing Q1 results and likely changes coming to the USPS reseller program. This move could have significant impacts to profitability and George moves to a Hold rating, lowers price target to $48. STMP: Another Massive Shift Likely Coming - A Model In Extreme Transition - Pain Inflicted."

For an analyst ratings summary and ratings history on Stamps.com click here. For more ratings news on Stamps.com click here.

Shares of Stamps.com closed at $43.07 yesterday.

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