Axiom Initiates Shutterfly At Buy

Analysts at Axiom initiated coverage on

with a Buy rating. The target price for Shutterfly is set to $58. Shutterfly shares have gained 1.71% over the past 52 weeks, while the S&P 500 index has surged 11.47% in the same period. Shutterfly shares fell 0.16% to close at $47.50 yesterday.