Floor & Decor price target lowered to $78 from $91 at Barclays

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.