Evercore ISI lowered the firm’s price target on Floor & Decor to $85 from $90 and keeps an In Line rating on the shares ahead of the company’s Q3 report due on November 2. Buyside sentiment on the stock is “negative into the release,” with short interest at a record high of 15%, says the analyst, who adds that “underwhelming” Q3 results are “likely understood” given continued deterioration in housing data.
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