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Fly News Breaks for January 24, 2020
FLWS
Jan 24, 2020 | 08:20 EDT
Northcoast analyst Tim Vierengel upgraded 1-800-Flowers.com to Buy from Neutral with a $24 price target, citing his view that the GFGB segment should be able to continue to grow by at least 5% for the foreseeable future while the company continues to gain share in the consumer floral segments. He thinks the integration of Shari's Berries will boost growth of the GFGB segment over the Valentine's Day period and sees the company having the capacity for accretive acquisitions, Vierengel added.
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