1-800-Flowers.com price target raised to $12 from $9 at DA Davidson

DA Davidson analyst Linda Bolton Weiser raised the firm’s price target on 1-800-Flowers.com to $12 from $9 and keeps a Neutral rating on the shares. The company’s Q2 results topped expectations, but everyday gifting remains "very weak", the analyst tells investors in a research note, also noting that 1-800-Flowers.com has a lot of work to do to get the holiday quarter margin back to the historical 44%-45% level.