Loop Capital analyst Anthony Chukumba raised the firm’s price target on Floor & Decor to $110 from $71 and keeps a Hold rating on the shares. The company’s Q4 earnings beat was particularly encouraging following its multiple “miss and lowers” quarters last year, the analyst tells investors in a research note. The management’s 2024 guidance came up short of expectations, though this was overshadowed by the 3.1% sequential increase in U.S. existing home unit sales in the month of January, the firm added.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on FND:
- Floor & Decor Announces Executive Leadership Promotion and Compensation Update
- Floor & Decor price target raised to $127 from $102 at Truist
- Floor & Decor Holdings (FND) Q4 Earnings Cheat Sheet
- Floor & Decor price target raised to $115 from $85 at Wedbush
- Floor & Decor price target raised to $95 from $85 at Telsey Advisory