Exane BNP Paribas analyst Chris Bottiglieri double downgraded Floor & Decor to Underperform from Outperform with a $72 price target. While the firm says Floor & Decor “remains a unique category killer with a long pipeline of growth,” this is well appreciated given the year-to-date outperformance and the firm has near-term concerns around capital intensity, leverage, and expense growth.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FND:
- Floor & Decor price target raised to $102 from $97 at Truist
- Floor & Decor management to meet with Truist
- Lone Pine exited Nvidia during Q3, bought Meta and made top holding
- Floor & Decor price target lowered to $71 from $100 at Loop Capital
- Floor & Decor price target lowered to $85 from $95 at Wells Fargo