Shutterfly weakness has created buying opportunity, says Cantor After Shutterfly reported stronger than expected Q4 results but provided lower than expected FY14 EPS guidance, Cantor thinks the company's fundamentals remain strong. It views the company's guidance as conservative and predicts that its margins will expand meaningfully in 2015. The firm keeps a $60 price target and Buy rating on the shares.
Internet sector upgraded to Attractive from Neutral at Goldman Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.