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Fly News Breaks for November 14, 2018
SFLY
Nov 14, 2018 | 07:50 EDT
Baird analyst Colin Sebastian said although the Shutterfly analyst day outlined a strategy for growth, execution risks remain elevated. He is impressed with management's strategy to reignite profitable consumer growth, but thinks the new promotional strategy likely will weigh on sentiment into the seasonally heavy holiday shopping season. Sebastian maintained his Neutral rating and $70 price target on Shutterfly shares.
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