Shutterfly posts drop in profit, says will cut jobs
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Shutterfly Inc. (SFLY) PT Lowered to $46 at Jefferies
February 2, 2017 8:21 AM ESTJefferies lowered its price target on Shutterfly Inc. (NASDAQ: SFLY) to $46.00 (from $52.00) while maintaining a Hold rating.
Analyst Brian Fitzgerald commented, "SFLY announced re-structuring bringing brands Tiny Prints and Wedding Paper Divas under core SFLY Brand (along with shuttering smaller business lines). Maintain Hold and lower PT to $46."
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