1-800-Flowers.Com upgraded to "aggressive buy"

09/19/05 - KeyBanc Capital Markets

NEW YORK, September 19 (newratings.com) - Analysts at KeyBanc Capital Markets upgrade 1-800-Flowers.Com (FLWS) from "buy" to "aggressive buy." The 12-month target price is set to $10.50.

In a research note published this morning, the analysts mention that 1-800-Flowers.Com’s B-to-B initiative is likely to lead to a y/y improvement in the company’s profits during F2H06 and a significant improvement in its operating incomes during FY07 and FY08. The analysts expect the company’s revenues to ramp up slowly during the remainder of 2005.