Truist lowered the firm’s price target on Floor & Decor to $90 from $115 and keeps a Buy rating on the shares. The company’s results were roughly in-line with Street expectations and although the management lowered its 2025 view on weakened demand, the Street feared more, the analyst tells investors in a research note. The company sources 27% of sales from the US with China at 18%, and tariff on other countries, particularly Vietnam, may play a big role on how much pricing has to go up, Truist added.
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