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Fly News Breaks for February 23, 2018
SSTK
Feb 23, 2018 | 08:55 EDT
SunTrust analyst Youssef Squali raised his price target on Shutterstock to $47 and kept his Hold rating after a "mixed" Q4 performance. Squali notes that while the EBITDA and EPS miss suggest that growth is coming at a higher investment level, the improving growth in Ecommerce and strong performance in Enterprise support a more optimistic view for FY18 and beyond.
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