Read Why DA Davidson Downgraded This Floral Retailer

by Shivani Kumaresan, Benzinga Staff Writer

March 17, 2022 1:31 PM | 1 min read | Make a Comment

DA Davidson analyst Linda Bolton Weiser downgraded 1-800-Flowers.Com Inc FLWS to Neutral from Buy with a price target of $13, down from $20.50.
Linda said that the company's fundamentals have worsened since the Q2 earnings report.
Related: 1-800-Flowers.Com Stock Plummets On Q2 Earnings Miss, FY22 Outlook Cut
She opined that the consensus estimate for a 22% increase in EBITDA in FY23 is too high.
Price Action: FLWS shares are trading lower by 2.25% at $13.93 on the last check Thursday.