TD Cowen analyst Max Rakhlenko lowered the firm’s price target on Floor & Decor to $115 from $125 and keeps a Hold rating on the shares. The firm said management now thinks 2024 comps will come in at the low-end given a softer 1Q and ongoing macro pressure.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FND:
- Floor & Decor checks suggest lingering near-term downside, says Wells Fargo
- Floor & Decor announces grand opening of Lone Tree store
- Floor & Decor announces grand opening of first store in Augusta, GA
- Yum! downgraded, Cava upgraded: Wall Street’s top analyst calls
- TD Cowen starts ‘priced for perfection’ Floor & Decor with a Hold
