Floor & Decor price target lowered to $100 from $115 at UBS

UBS lowered the firm’s price target on Floor & Decor to $100 from $115 and keeps a Buy rating on the shares. Floor & Decor’s Q3 results were in line to slightly better than the low expectations heading into the print, though the Q4 guidance was below expectations and should raise questions about the retailer’s intermediate-term outlook, the analyst tells investors in a research note.