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Stock Market & Financial Investment News

News Breaks
August 20, 2014
10:20 EDTSFLYHellman & Friedman submitted bid to acquire Shutterfly, Bloomberg says
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April 24, 2015
15:37 EDTSFLYShutterfly May volatility elevated into Q1 and outlook
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April 21, 2015
14:16 EDTSFLYShutterfly unlikely to see major impact from Snapfish takeover, says Cantor
After Snapfish was acquired by District Photo, Cantor says that the deal is unlikely to have a material impact on Shutterfly. The firm says that Snapfish is considerably smaller than Shutterfly, and has underinvested in itself over the years, while District Photo is unlikely to continue Snapfish's tradition of steep discounting. The firm does believe, however, that the deal reduces the chances of Shutterfly being acquired by private equity firms. Cantor keeps a $58 price target and Buy rating on the shares.

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