Floor & Decor price target lowered to $80 from $105 at Wells Fargo

Wells Fargo lowered the firm’s price target on Floor & Decor to $80 from $105 and keeps an Equal Weight rating on the shares. The firm notes the shares are deep in the tariff battleground and macro uncertainty puts shares in a precarious position as investors weigh category degradation and 2025/2026 downside vs. potential for tariff relief. Floor & Decor is a “risk on” play, but Wells steers clear into Q1.