Wedbush analyst Seth Basham raised the firm’s price target on Floor & Decor to $115 from $85 and keeps an Outperform rating on the shares. Continued near-term demand softness for this high fixed cost business presents an earnings and cash flow challenge in 2024, leading Wedbush to be sidelined into the company’s Q4 results and 2024 guidance on February 22, the analyst tells investors in a research note.
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