Barclays analyst Seth Sigman lowered the firm’s price target on Floor & Decor to $78 from $91 and keeps an Equal Weight rating on the shares following the Q1 report. The company’s ability to navigate tariffs seems much better than feared based on the earnings call, although its macro risks seem worse than two months ago, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FND:
- Floor & Decor Reports Steady Growth Amid Economic Challenges
- Floor & Decor reports Q1 EPS 45c, consensus 45c
- Floor & Decor sees FY25 EPS of $1.70-$2.00, consensus $1.95
- Floor & Decor price target lowered to $100 from $120 at BofA
- Strategic Positioning and Growth Potential: A Buy Rating for Floor & Decor Holdings Amidst Challenges