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Floor & Decor price target lowered to $78 from $80 at Piper Sandler

Piper Sandler lowered the firm’s price target on Floor & Decor to $78 from $80 and keeps a Neutral rating on the shares. The firm notes Q2 posted a slight EPS beat, though management lowered the high-end of comp and adjusted EBITDA guidance on sluggish industry trend. Execution appears solid though, as 2025 EPS guidance was raised slightly at the low-end and Floor & Decor is managing tariffs well, Piper adds.

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