Stifel lowered the firm’s price target on Floor & Decor to $92 from $110 and keeps a Buy rating on the shares following what the firm called “a better-than-feared release” for Q1. The update is “not a clearing event derisking guidance from economic uncertainty,” but the firm believes F&D boasts the scale, diversified supply chain, and capital advantage to strengthen its “unmatched position of strength, which we believe remains undervalued,” the analyst tells investors.
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