Market Overview

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

Share:
Related
Mid-Afternoon Market Update: Shutterstock Falls On Weak Q4 Results; La Jolla Pharma Shares Surge
12 Biggest Mid-Day Losers For Monday
Shutterstock's (SSTK) CEO Jon Oringer on Q4 2016 Results - Earnings Call Transcript (Seeking Alpha)

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
Nov 2016Raymond JamesDowngradesOutperformMarket Perform
Sep 2016JefferiesMaintainsHold
Aug 2016Deutsche BankMaintainsHold

View More Analyst Ratings for SSTK
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Analyst Ratings

 

Related Articles (SSTK)

View Comments and Join the Discussion!