Fly News Breaks for September 26, 2019
Sep 26, 2019 | 09:38 EDT
DA Davidson analyst Linda Bolton Weiser keeps her Buy rating and $25 price target on 1-800-Flowers.com after traveling with its CEO Chris McCann for investor functions, saying the discussion gave her "renewed confidence" that the company's FY20 EBITDA guidance has upside potential from the accretion of Shari's Berries acquisition. The analyst also notes that 1-800-Flowers.com is positioned to grow its EBITDA by 10%-11% in FY20-FY21, adding that its margins may also be improved given expectations of more rational competitive promotional spending under the ownership of private equity interests.
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