Stifel lowered the firm’s price target on Floor & Decor (FND) to $97.50 from $100 and keeps a Hold rating on the shares. In a preview, the firm notes it reduced SiteOne Landscape (SITE) and Floor & Decor Q3 estimates to account for end-of-quarter Hurricane Helene disruption. The firm notes it reduced its F&D outlook to consider the continued existing home sales deterioration, tempered by likely heavy hurricane activity repair needs.
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Read More on FND:
- Floor & Decor price target lowered to $118 from $119 at Piper Sandler
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- Floor & Decor price target raised to $119 from $95 at Piper Sandler