Morgan Stanley raised the firm’s price target on Floor & Decor to $90 from $80 and keeps an Equal Weight rating on the shares. The company’s below consensus FY23 guidance "may still prove optimistic in the back half," but the magnitude of potential downside "may be less severe since guidance inched closer to a bear case," the analyst tells investors.
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Published first on TheFly
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Read More on FND:
- 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
- Floor & Decor downgraded to Market Perform from Outperform at Telsey Advisory