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Fly News Breaks for February 1, 2017
FTD, FLWS
Feb 1, 2017 | 07:50 EDT
Benchmark analyst Daniel Kurnos noted that 1-800-Flowers' (FLWS) holiday period results came in well short of consensus, largely due to Harry & David, though he believes the next two quarters will include minimal headwinds and further share gains from FTD (FTD), leading him to recommend using a post-earnings selloff as a buying opportunity. Kurnos does note, though, that the shares may stay pressured near-term until color is provided on Valentine's Day performance. He keeps a Buy rating and $13.50 price target on 1-800-Flowers.com shares.
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