Roth MKM analyst David Bellinger raised the firm’s price target on Floor & Decor to $90 from $72 but keeps a Neutral rating on the shares. The stock "continues to grind higher" following the company’s better than expected Q4 results, the analyst tells investors in a research note. The firm added however that while it remains positive on Floor & Decor’s better-than-feared guidance and the built-in comp sales benefiting from a maturing store base, its neutral stance also "reflects uncertainty" around housing-related names.
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Read More on FND:
- Floor & Decor price target raised to $90 from $80 at Morgan Stanley
- Floor & Decor price target raised to $110 from $105 at Baird
- 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