Wells Fargo analyst Zachary Fadem lowered the firm’s price target on Floor & Decor to $75 from $80 and keeps an Equal Weight rating on the shares. The firm says that while Q1 was solid and quarter-to-date better, the company lowered its 2025 outlook to incorporate low visibility, tariff headwinds and lower store growth. While the tariff playbook is proven, inventory turns low and mitigation underway, it’s too early to call 2025 de-risked, Wells adds.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FND:
- Floor & Decor Holdings: Hold Rating Amid Economic Uncertainty and Strategic Adjustments
- Cautious Hold Rating on Floor & Decor Holdings Amid Tariff and Macroeconomic Uncertainties
- Floor & Decor price target lowered to $78 from $91 at Barclays
- Floor & Decor Reports Steady Growth Amid Economic Challenges
- Floor & Decor reports Q1 EPS 45c, consensus 45c