Stifel lowered the firm’s price target on Floor & Decor to $100 from $120 and keeps a Buy rating on the shares ahead of calendar Q3 earnings due this week. The firm’s focus remains on Floor & Decor’s ability to continue growing market share and “enhance its unmatched but nascent position in the hard surface flooring category,” but the firm lowered its price target to update for prevailing multiples.
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Read More on FND:
- Floor & Decor price target lowered to $90 from $105 at Telsey Advisory
- Floor & Decor price target lowered to $90 from $110 at Wedbush
- Floor & Decor price target lowered to $95 from $115 at Guggenheim
- Floor & Decor to replace Vicor in S&P 400 at open on 10/20
- Floor & Decor jumps 7% to $90.74 after inclusion in S&P 400
