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Photo-printing website Shutterfly (SFLY) is leading its industry and holiday revenue might have jumped 34%, a Cowen & Co. analyst said on Monday. But Barclays downgraded the stock to equal weight, or hold, from outperform, and Shutterfly stock was down 4.5% in midday trading in the stock market today, near an eight-month low of 44.30. Still, Cowen’s Kevin Kopelman said holiday sales at Shutterfly jumped 34%. Cowen polled some 2,000 photo shoppers Scalper1 News
Scalper1 News