Baird lowered the firm’s price target on Floor & Decor to $95 from $105 and keeps an Outperform rating on the shares. The firm said they posteda Q3 beat but management cut 2023 guidance again based on an “unexpected accelerated” decline in comps. Baird lowered estimates earlier this week, but the trough is proving even deeper than they envisioned.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FND: