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Fly News Breaks for July 6, 2018
SFLY
Jul 6, 2018 | 07:34 EDT
Baird analyst Colin Sebastian raised his price target on Shutterfly to $95 from $85 following the completion of its LifeTouch acquisition. The analyst sees a cross-selling opportunity and said 2020 financial targets imply a modest expectation. Although technology and integration risks remain, he believes management is being conservative. Sebastian maintained his Neutral rating on Shutterfly shares.
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