Baird lowered the firm’s price target on Floor & Decor to $105 from $115 and keeps an Outperform rating on the shares. The firm previewed its Q3 and believes they will clear an increasingly low 3Q bar; however, they reduced their forward estimates to reflect a “more difficult for longer” operating environment with existing home sales at GFC levels.
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Read More on FND:
- Floor & Decor price target lowered to $85 from $90 at Evercore ISI
- Floor & Decor price target lowered to $100 from $120 at Stifel
- 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
