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Fly News Breaks for March 24, 2016
SFLY
Mar 24, 2016 | 09:25 EDT
After Shutterfly announced that it appointed Christopher North as its new CEO, RBC Capital says the ten year Amazon veteran has "an impressive revenue and track record." The firm thinks North will be able to boost Shutterfly's core metrics and could enable it to expand overseas. RBC views the company's 2016 guidance as conservative and keeps a $48 price target and Outperform rating on the shares.
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