1-800-Flowers.com upgraded to Neutral from Underperform at DA Davidson

DA Davidson upgraded 1-800-Flowers.com to Neutral from Underperform with a price target of $7, down from $8. The company reported a Q4 miss and guided to FY25 EBITDA ($85M-$95M), below consensus at ($99.4M), and given the continuing low consumer sentiment, the firm thinks there’s risk of a further push-out of an expected return to positive sales growth, the analyst tells investors. However, year-over-year sales change is likely to be less negative in Q1 and the firm thinks Street estimates are “now adequately de-risked in the near-term,” prompting the upgrade of shares following the stock’s 28% decline since mid-July.