Floor & Decor price target lowered to $97.50 from $100 at Stifel
The Fly

Floor & Decor price target lowered to $97.50 from $100 at Stifel

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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