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Fly News Breaks for February 1, 2019
FLWS, FTD
Feb 1, 2019 | 08:41 EDT
DA Davidson analyst Linda Bolton Weiser raised her price target on 1-800-Flowers.com (FLWS) to $18 after its "beat and raise" Q2 results and guidance. The analyst says the company looks to be gaining market share from the "floundering" FTD Companies (FTD) and also "benefiting from late-cycle consumer buoyancy." Weiser keeps her Neutral rating however, stating that the stock is nearer to the cyclical peak and that FTD will not go away as a competitor permanently.
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