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Fly News Breaks for October 27, 2016
SFLY
Oct 27, 2016 | 07:54 EDT
Baird analyst Colin Sebastian said Shutterfly reported solid Q3 results and showed no signs of competitive pressure. The analyst noted the outperformance of its Enterprise and Shutterfly-branded consumer growth and with little competitive pressure, it should alleviate investors concerns. Sebastian reiterated his Outperform rating and $59 price target on Shutterfly shares.
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