Market Overview

UPDATE: Topeka Capital Markets Downgrades Vistaprint to Hold on European Recovery Visibility

Related VPRT
Benzinga's Top Initiations
SunTrust Robinson Humphrey Initiates Vistaprint At Buy

Topeka Capital Markets downgraded Vistaprint (NASDAQ: VPRT) from Buy to Hold and lowered the price target from $45.00 to $39.00.

Topeka Capital Markets commented, "While the reported FY2Q13 surpassed expectations on revenues and EPS, management expects the European turnaround will be a "long-term effort". We had previously believed improvements in European performance were near-term. In addition, the Company stated that it is unlikely to achieve its goal of $2B in revenues by FY2016. As such, we can no longer recommend the stock for purchase and move to a Hold."

Vistaprint closed at $35.85 on Thursday.

Latest Ratings for VPRT

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

View More Analyst Ratings for VPRT
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (VPRT)

Around the Web, We're Loving...

Get Benzinga's Newsletters