Goldman Sachs Starts Shutterfly Inc. (SFLY) at Neutral

December 14, 2011 8:45 AM EST
Get Alerts SFLY Hot Sheet
Price: $50.97 --0%

Rating Summary:
    4 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs initiates coverage on Shutterfly Inc. (NASDAQ: SFLY) with a Neutral. PT $29.00.

The firm comments, "Online printing is going through a hyper-competitive period, pressuring customer growth, pricing, and profit margins at Shutterfly. While we believe in Shutterfly long term, investors are best served waiting this period out on the sidelines."

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 $24.67 yesterday.


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