Piper Sandler raised the firm’s price target on Floor & Decor to $105 from $98 and keeps a Neutral rating on the shares. Floor & Decor’s Q4 saw upside to consensus across all key metrics, and while EPS guidance for 2024 was placed below consensus, Floor & Decor has put a very reasonable outlook in place with the low end of guidance assuming Existing Home Sales hold at 4M all year, the analyst tells investors in a research note.
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