Shutterfly (SFLY) +14.5% premarket after acquiring Kodak's (EKDKQ.PK) Gallery online photo...

|By:, SA News Editor

Shutterfly (SFLY) +14.5% premarket after acquiring Kodak's (EKDKQ.PK) Gallery online photo business. Jefferies reiterates its Buy rating and $30 price target on SFLY, saying "the deal should solidify the company's position further as the leader in online print, and present a number of opportunities for revenue and cost synergies over time."