Floor & Decor price target raised to $110 from $105 at Wells Fargo

Wells Fargo raised the firm’s price target on Floor & Decor to $110 from $105 and keeps an Overweight rating on the shares ahead of the Q1 results. While the near-term risk-reward skews more balanced at about $100, leading indicators are bottoming and recent contractor checks offer reason for optimism, the analyst tells investors in a research note.