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Fly News Breaks for October 17, 2018
SFLY
Oct 17, 2018 | 08:07 EDT
SunTrust analyst Youssef Squali lowered his price target on Shutterfly to $100, saying his analysis of Q3 traffic data indicates revenues coming in softer and similar to Q2. The analyst also notes that he has less visibility around the company's revenue trends given the "lumpy" Shutterfly Business Solutions performance and the early stage of its Lifetouch business. Squali also keeps his Buy rating on Shutterfly shares longer term on compelling risk-reward following a "sharp" pullback in the stock price over the past couple of months.
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