UPDATE: Morgan Stanley Initiates Coverage on Shutterstock with Equal-Weight Rating
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.