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Fly News Breaks for March 19, 2019
FLWS, FTD
Mar 19, 2019 | 08:02 EDT
As previously reported, DA Davidson analyst Linda Bolton Weiser upgraded 1-800-Flowers.com (FLWS) to Buy from Neutral and raised her price target to $22.50 from $18. The analyst cites the company's continued market share gains at the expense of FTD Companies (FTD), which she contends may not survive as a going concern if it does not execute on Mother's Day. With its Consumer Floral and BloomNet growing 8% and 15% in Q2, Weiser says 1-800-Flowers.com is "finally firing on all cylinders as a result of effective digital spending and long-term investment in mobile."
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