UPDATE: Cantor Fitzgerald Reduces PT to $43 on VistaPrint on Europe Headwinds to Growth

Cantor Fitzgerald reiterated its Buy rating on VistaPrint

but lowered its price target from $46 to $43. Cantor Fitzgerald noted, "We're lowering our PT to $43 (from $46) on a weaker-than-expected growth forecast, but we're maintaining a BUY to reflect: a) improving growth outlook in North America, b) very early signs of improvements in Europe, and c) our view that much of the downside-risk is priced into the stock and that expectations have been adjusted to more realistic levels." VistaPrint closed at $29.98 on Friday.