UPDATE: Topeka Capital Markets Reiterates Buy Rating, Raises PT on Shutterfly on 4Q12 Beat
In a report published Wednesday, Topeka Capital Markets reiterated its Buy rating on Shutterfly (NASDAQ: SFLY ), and raised its price target from $40.00 to $45.00. Topeka Capital Markets noted, “As expected, Shutterfly delivered a meaningful 4Q12 beat vs the TCM and Consensus estimates, supporting our view outlined in our
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