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Fly News Breaks for March 9, 2018
FTD
Mar 9, 2018 | 06:39 EDT
DA Davidson analyst Linda Bolton Weiser lowered her price target on FTD Cmpanies to $4.25 from $6.50 after the company's Q1 warning that was attributed to poor execution in marketing strategies around Valentine's Day. The analyst adds that in order to reach the company's revenue outlook for the entire FY18, she also had to bump up her forecasts for Q2-Q4, suggesting that the company's low end of FY18 EBITDA guidance of $52M may prove to be a stretch. Weiser keeps her Neutral rating on FTD Companies.
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