We are upgrading our recommendation on the shares of Shutterfly (SFLY) to Outperform. Increased usage of digital cameras combined with accessibility of high-speed internet provides significant expansion potential for the company.

Product innovation, strategic partnerships with retailers and opportunistic acquisitions also augur well. We believe Shutterfly’s focus on developing a successful commercial printing business aided by strategic partnerships will significantly contribute to its earnings.

On the downside, we see a continuation of pricing pressure in its printing business. Also, a weak economy and rising unemployment will negatively impact the company’s profitability as the consumers’ discretionary spending is expected to be restricted in the near term.

Zacks Investment Research

1. (SFLY) Shutterfly Analysts Upgrade to OutperformWe are upgrading our recommendation on the shares of Shutterfly Inc. (SFLY) to Outperform. Increased...
2. (DV) DeVry, Incorporated – Bull of the DayDeVry (DV) is a leading provider of post secondary education in North America and commands...
3. (GPS) Gap, Incorporated – Bull of the DayWe maintain Outperform recommendation on Gap, Inc. (GPS) as we anticipate the company to perform...
4. (SFLY) Shutterfly Betters Consensus EstimatesShutterfly Inc.’s (SFLY) third quarter loss of 25 cents a share was four pennies better...
5. (DEPO) Depomed, Incorporated – Bull of the DayWe are reiterating our positive rating on Depomed (DEPO). We are very excited about the...
6. (SFLY) Shutterfly Inc Buys Tiny PicturesEarlier this week, Shutterfly Inc. (SFLY) bought Tiny Pictures for $1.3 million in cash and...

Search Posts by Tag: SFLY | Shutterfly | Consumer Services | Services

RSS Feeds by Tag: SFLY | Shutterfly | Consumer Services | Services |

Other Posts by: vitalstocks | RSS Feed for this author