Truist raised the firm’s price target on Floor & Decor to $130 from $127 and keeps a Buy rating on the shares. The analyst cites the company’s Q4 earnings and sales beat while noting that the weak guide was likely expected and may have only a limited and short-term impact on the stock. Truist maintains a positive view based on expected industry turnaround and sees Floor & Decor as a secular growth story.
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