Cantor Fitzgerald Starts Shutterfly Inc. (SFLY) at Hold, Fairly Valued

Cantor Fitzgerald initiates coverage on Shutterfly Inc. (NASDAQ: SFLY) with a Hold. PT $33.00.

The firm comments, "We are initiating coverage of Shutterfly with a HOLD rating on valuation, given our $33 price target. Through a combination of differentiated offerings and superior execution, management has been able to successfully navigate a rather intensely competitive landscape, achieving faster growth and better margins than peers. We like the company's positioning, strategy and management team but find the shares fairly valued at current levels."

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 $33.10 yesterday.

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