NEW YORK, September 14 (newratings.com)
- Analysts at Matrix Research upgrade FTD Group Inc (ticker:
FTD) from "buy" to "strong buy."
In a research note published yesterday, the analysts mention that the company
has posted 20% top-line growth for F4Q, despite revenue declines in the Consumer
and Florist segments. FTD’s revenue growth as fueled by the Interflora
acquisition, the analysts say. While FTD's FY07 revenues grew by 32%, the company's
EVA profit margin and EVA return spread continued to be negative, Matrix Research
adds. The upgrade in rating is based on valuation, according to the analysts. |
Select a Florist
