More on Shutterfly: Topeka Capital has upgraded shares to Buy, arguing the online photo...

|By:, SA News Editor

More on Shutterfly: Topeka Capital has upgraded shares to Buy, arguing the online photo printing/hosting site will beat Q4 estimates after witnessing a "relatively benign competitive environment." Moreover, Topeka now has more confidence in management, and thinks Shutterfly's (SFLY +3.5%) competitors "will continue to struggle to achieve sustained profitability." 35.7% of the float was shorted as of Dec. 14.