Barclays Maintains an 'Overweight' on Shutterfly Inc. (SFLY); Q3 Review and Outlook

Barclays maintains an 'Overweight' on Shutterfly Inc. (NASDAQ: SFLY) price target of $42.00.

Analyst, Mark May held a meeting with the management of Shutterfly and said talks confirmed his positive view of the company's fundamentals plus its ability to grow (profitably). May's quarter-to-date tracker points to solid orders and he believes that a lack of Q3 holidays and Google's (Nasdaq: GOOG) 'Unnatural Links' initiative will have minimal impact.

Also mentioned were synergies from recent Kodak Gallery acquisition, signs of more favorable pricing and additional areas of growth (including greeting cards, international expansion etc)

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 $28.68 yesterday.

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