Baird raised the firm’s price target on Floor & Decor to $110 from $105 and keeps an Outperform rating on the shares. The analyst said Q4 EPS beat expectations/plan as stronger margins offset a modest top-line shortfall. While comps have further slowed 1Q to-date, the Street was already there, and 2023 guidance was seemingly better than feared.
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Published first on TheFly
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Read More on FND:
- Floor & Decor sees FY23 EPS $2.55-$2.85, consensus $2.85
- Floor & Decor reports Q4 EPS 64c, consensus 57c
- Floor & Decor added to ‘Tactical Underperform’ list at Evercore ISI
- Floor & Decor downgraded to Market Perform from Outperform at Telsey Advisory
- Floor & Decor price target raised to $86 from $66 at Piper Sandler