DA Davidson Maintains Neutral on 1-800-Flowers.com, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Linda Bolton Weiser maintains a Neutral rating on 1-800-Flowers.com (NASDAQ:FLWS) and lowers the price target from $9.5 to $9.
May 03, 2024 | 10:35 pm
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NEUTRAL IMPACT
DA Davidson maintains a Neutral rating on 1-800-Flowers.com and lowers the price target from $9.5 to $9.
The adjustment in price target by DA Davidson reflects a cautious but not pessimistic outlook on 1-800-Flowers.com. The reduction from $9.5 to $9 suggests a minor recalibration of expectations rather than a significant change in company fundamentals. Given the neutral rating is maintained, the short-term impact on the stock price is likely to be limited, as the market may have already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100