Piper Sandler lowered the firm’s price target on Floor & Decor to $80 from $90 and keeps a Neutral rating on the shares following an overall solid Q1, all things considered. The firm notes the company reported a slight miss on revenue but inline EPS, making up for it with the margins. While Floor & Decor lowered 2025 guidance to contemplate the incremental macro uncertainty, it raised its gross margin outlook and is confident it can navigate an elevated tariff environment through price increases and reducing China exposure.
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Read More on FND:
- Floor & Decor price target lowered to $75 from $80 at Wells Fargo
- 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
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