BofA lowered the firm’s price target on Floor & Decor to $100 from $120 and keeps a Buy rating on the shares. F&D reports Q1 earnings on May 1 and the firm forecasts EPS of 37c and comp sales of (1.5%), the analyst tells investors in a preview. Ahead of the report, the firm lowered its target multiple to reflect tariff uncertainty and macro challenges.
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Read More on FND:
- Strategic Positioning and Growth Potential: A Buy Rating for Floor & Decor Holdings Amidst Challenges
- Floor & Decor price target lowered to $100 from $125 at Baird
- Floor & Decor Holdings (FND) Q1 Earnings Cheat Sheet
- Floor & Decor price target lowered to $80 from $105 at Wells Fargo
- Home Depot, Floor & Decor downgraded to Hold at Gordon Haskett