Raymond James Downgrades Shutterfly Inc. (SFLY) to Market Perform

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Cantor Fitzgerald Raises Price Target on Shutterfly (SFLY) Following 2Q Results

July 30, 2015 7:37 AM EDT

Cantor Fitzgerald reiterated a Buy rating on Shutterfly Inc. (NASDAQ: SFLY), and raised the price target to $60.00 (from $59.00), following 2Q15 results. SFLY reported revenue of $183.9M vs. consensus $179.4M. GAAP EPS was ($0.63) vs. consensus' ($1.05). Management updated its FY outlook to $1,040-$1,060M in revenue,... More