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UPDATE: Cantor Fitzgerald Initiates Coverage on VistaPrint with Buy Rating, $46 PT

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SunTrust Robinson Humphrey Initiates Vistaprint At Buy

In a report published Friday, Cantor Fitzgerald initiated coverage on VistaPrint (NASDAQ: VPRT) with a Buy rating and $46.00 price target.

Cantor Fitzgerald noted, “We are initiating coverage of Vistaprint with a BUY rating and a $46 price target. Vistaprint continues to be the disrupter in a market that is large, fragmented, relatively low-tech, and mostly offline. While investments will likely keep a lid on profits near-term, we expect meaningful improvement in margins longer-term, accompanied by above-industry top-line growth.”

VistaPrint closed on Thursday at $37.73.

Latest Ratings for VPRT

DateFirmActionFromTo
Oct 2014SunTrust Robinson HumphreyInitiates Coverage onBuy
Apr 2014Cantor FitzgeraldDowngradesBuyHold
Apr 2014BarclaysMaintainsUnderweight

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