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UPDATE: Morgan Stanley Initiates Coverage on Shutterstock with Equal-Weight Rating

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In a report published Monday, Morgan Stanley initiated coverage on Shutterstock (NYSE: SSTK) with an Equal-Weight rating.

Morgan Stanley noted, “Digital stock content provider SSTK is well positioned to benefit from a secular tailwind of proliferating online media and stock content utilization. Although SSTK is growing mid-20% with expanding margins, we initiate at Equal-weight because the risk-reward currently looks balanced.”

Shutterstock closed on Friday at $24.82.

Latest Ratings for SSTK

DateFirmActionFromTo
Feb 2016Deutsche BankMaintainsHold
Feb 2016JefferiesMaintainsHold
Nov 2015Deutsche BankMaintainsHold

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Posted-In: Morgan StanleyAnalyst Color Initiation Analyst Ratings

 

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