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Fly News Breaks for February 1, 2019
Feb 1, 2019 | 09:24 EDT
Benchmark analyst Daniel Kurnos said 1-800-Flowers (FLWS) "put together a complete holiday quarter" for the first time since 2015 and delivered the quarter patient shareholders have been looking for since the Harry & David acquisition. He sees Flowers as back on track to grow 5-7% revenue and 8-12% EBITDA again and thinks share gains look set to continue with FTD (FTD) "still in disarray," Kurnos stated. He raised his price target on 1-800-Flowers to $18 from $15 and keeps a Buy rating on the stock.
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