Evercore ISI analyst Greg Melich removed Floor & Decor from the firm’s "Tactical Underperform" following the company’s earnings report on February 23. The firm’s base case price target remains $100, or about 30 times recovering earnings in 2024, and its keeps an Outperform rating on the shares.
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Published first on TheFly
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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