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Fly News Breaks for March 16, 2015
SSTK
Mar 16, 2015 | 06:45 EDT
Cantor believes that Shutterstock's stock photography business is benefiting from strong growth trends, while the company's Enterprise/Video business and its newer products have good traction. The firm thinks that Shutterstock is also being helped by the struggles of Getty Images, the largest player in the industry, and that Shutterstock's competitive position can improve further if Getty continues to struggle. Cantor keeps a $100 price target and Buy rating on Shutterstock.
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