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Jefferies Raises Price Target Following Shutterstock's (SSTK) Strong Quarter - Reiterates Hold
February 25, 2016 9:35 AM ESTJefferies reiterated a Hold rating on Shutterstock (NYSE: SSTK), and raised the price target to $40.00 (from $39.00), following the company's 4Q earnings report. Revenues were $116M, compared to consensus' estimate of $117M. Adjusted EBITDA was $26M, a slight beat to the Street's $24M.
Analyst Brian... More
