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Fly News Breaks for February 6, 2019
SFLY
Feb 6, 2019 | 08:57 EDT
SunTrust analyst Youssef Squali lowered his price target on Shutterfly to $55 after its latest earnings miss. The analyst keeps his Buy rating on the shares however, noting that its announced strategic review committee formation and CEO departure are appropriate at this juncture, adding that its risk-reward profile of 6.5-times enterprise value to EBITDA is also "attractive".
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