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Fly News Breaks for March 18, 2016
SFLY
Mar 18, 2016 | 07:48 EDT
Baird noted Shutterfly announced a new CEO and based on his experience, the company is suggesting it remains focused on the execution of its key growth initiatives. While the CEO selection makes a takeover appear less likely, the company is poised to reap the benefits of the pending Shutterfly 3.0 rollout, said Baird, which maintained its Outperform rating and $55 price target on Shutterfly shares.
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