Wedbush lowered the firm’s price target on Floor & Decor to $90 from $110 and keeps an Outperform rating on the shares. The firm sees more downside than upside risk for Floor & Decor into Q3 earnings on Thursday, November 2. Wedbush now models Q3 comps of -11% vs. consensus’ -8.8%, which would be a sequential deceleration on both a one- and two-year stacked basis and a slight slowdown on a four-year sales CAGR basis as well.
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