Wedbush lowered the firm’s price target on Floor & Decor to $110 from $125 and keeps an Outperform rating on the shares. The firm sees more downside than upside risk to Floor & Decor’s Q2 results when the company reports on August 1, leading it to lower its comps from -7.5% to -9%, and lowering its EPS estimate to 47c from 51c.
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