Cantor Fitzgerald Reiterates Buy Rating, $9 PT on CafePress on Steady Progress

In a report published Monday, Cantor Fitzgerald reiterated its Buy rating and $9.00 price target on CafePress

. Cantor Fitzgerald noted, “We hosted CafePress' management for two days of investor meetings and walked away positively inclined on the direction of the business. While the company's focus in FY:13 is likely to be on integrating acquisitions, consolidating the back end and reducing its dependence on its small shops business, financial expectations have been reset to more reasonable levels, in our view, making us more comfortable recommending the stock for patient investors. Actions taken in FY:13 should contribute positively to top line growth and margins over time.” CafePress closed on Friday at $6.61.