Shutterfly (SFLY +3.3%) gains on positive comments out of Baird this morning, saying the shares...

|By:, SA News Editor

Shutterfly (SFLY +3.3%) gains on positive comments out of Baird this morning, saying the shares have near-bottomed and investors should begin accumulating the stock. Baird adds that the ongoing shift to online photo sites from the traditional retail channel is a growth niche, and the competitive environment has created an opportunity for the company to expand to the mass market.