Jefferies Positive on Shutterfly (SFLY) Deal to Acquire Kodak Gallery Assets
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Price: $50.97 --0%
Rating Summary:
4 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies reiterated its Buy rating and $30 price target on Shutterfly Inc. (NASDAQ: SFLY) after plans to acquire of Kodak Gallery assets.
The analyst comments, "We view Shutterfly's proposed acquisition of Kodak Gallery assets positively as the deal should solidify the company's position further as the leader in online print, and present a number of opportunities for revenue and cost synergies over time."
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 are trading up 17 percent in pre-open trading on the news.
The analyst comments, "We view Shutterfly's proposed acquisition of Kodak Gallery assets positively as the deal should solidify the company's position further as the leader in online print, and present a number of opportunities for revenue and cost synergies over time."
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 are trading up 17 percent in pre-open trading on the news.
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