1-800-Flowers.com price target raised to $9 from $7.50 at DA Davidson

DA Davidson raised the firm’s price target on 1-800-Flowers.com to $9 from $7.50 and keeps a Neutral rating on the shares. The company’s Q1 sales and EBITDA topped estimates, while its gross margin expansion was “robust”, beating consensus, due to pricing, lower ocean freight, and some lower commodities, the analyst tells investors in a research note.