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Fly News Breaks for May 1, 2019
FTD, FLWS
May 1, 2019 | 08:57 EDT
Benchmark analyst Daniel Kurnos said after the Q3 report from 1-800-Flowers.com (FLWS) that he believes the company is "firmly back on track to grow," adding that FTD's (FTD) ongoing struggles should continue to lead to sustainable share gains. The analyst, who raised his price target on the stock to $27 from $18, argues that forecasts remain conservative in both the short- and medium-term and believes an "accretive, scaling acquisition seems like a foregone conclusion." Kurnos keeps a Buy rating on 1-800-Flowers shares.
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