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Fly News Breaks for May 30, 2018
FLWS, NTRI
May 30, 2018 | 06:48 EDT
DA Davidson analyst Linda Bolton Weiser kept her Buy rating and raised her price target on Nutrisystem (NTRI) to $45 from $43, saying the 8% discount valuation on the stock relative to another e-commerce name - 1-800-Flowers (FLWS) - is too high. The analyst also cites a more bullish tone coming from CEO Dawn Zier at last week's investment conference, as she alluded to double-digit revenue growth expectations next year that may have been driven by the early testing of the anticipated re-launch of the Nutrisystem program in 2019.
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