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Fly News Breaks for April 6, 2018
SFLY
Apr 6, 2018 | 07:37 EDT
Baird analyst Colin Sebastian raised his estimates on Shutterfly and increased his price target to $85 to reflect the acquisition of Lifetouch. He believes there is likely upside to estimates one-year out as synergies kick in and said his estimates could prove to be conservative. He cited the increasing scale/margins and moderating technology spending. Sebastian maintained his Neutral rating on Shutterfly shares.
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