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Fly News Breaks for November 15, 2017
FTD
Nov 15, 2017 | 06:21 EDT
DA Davidson analyst Linda Bolton Weiser lowered her price target on FTD Companies to $8 and kept her Neutral rating following last week's Q3 results, noting accelerating sales decline due in part to hurricane impacts and the holiday timing shift to Q4 of last year. The analyst's lowered price target is attributed to the uncertainty regarding the timing of return to sales growth as investors await a 5-year strategic turnaround plan from the new CEO John Walden early next year.
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