Soleil Securities Raises Price Target on 1-800-FLOWERS.COM (FLWS), Trends Look To Be Moving Positive

Soleil Securities is maintaining its Hold rating on shares of 1-800-FLOWERS.COM (NASDAQ: FLWS), but is raising its price target from $2.50 to $4.

The firm reports that trends and buying behavior in the Consumer Floral market are beginning to show signs of improvident following 11 consecutive negative revenue quarters. It notes that it is still to early to begin buying shares of FLWS as the outlook for Gourmet Food and Gifts is still less clear.

Q4 may prove to be positive for the company as Easter came in later than usual. Soleil believes that it may benefit from more than $3 million in one-time items in the quarter.

For more ratings news on 1-800-FLOWERS.COM click here and for the rating history of 1-800-FLOWERS.COM click here.

Shares of 1-800-FLOWERS.COM closed at $3.60 yesterday.

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