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UPDATE: SunTrust Robinson Humphrey Downgrades VistaPrint On Valuation

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In a report published Monday, SunTrust Robinson Humphrey analyst Robert S. Peck downgraded the rating on VistaPrint Limited (NASDAQ: VPRT) from Buy to Neutral, but raised the price target from $63.00 to $67.00.

In the report, SunTrust Robinson Humphrey noted, “We are lowering our rating to Neutral from Buy as the stock has reached our new price target of $67 (was $63). While the company recently reported a slight beat for F1Q15 (September), VPRT shares have appreciated >21%% and outperformed the peer group by ~21 points over the past month. We think investors have reassessed the story recently and investor sentiment has improved, with the stock having outperformed the Nasdaq by 17/33/54 points over the past 1/3/6 months. Thus at current levels we view valuation as more appropriate and risk/reward more balanced, warranting a Neutral-rating. We would look to get more constructive again on a pullback in the stock or more material evidence of progress in the company's turnaround.”

VistaPrint closed on Friday at $67.41.

Latest Ratings for VPRT

DateFirmActionFromTo
Nov 2014SunTrust Robinson HumphreyDowngradesBuyNeutral
Oct 2014SunTrust Robinson HumphreyInitiates Coverage onBuy
Apr 2014BarclaysMaintainsUnderweight

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Posted-In: Robert S. Peck SunTrust Robinson HumphreyAnalyst Color Downgrades Analyst Ratings

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