Floor & Decor price target raised to $105 from $95 at Wells Fargo
The Fly

Floor & Decor price target raised to $105 from $95 at Wells Fargo

Wells Fargo analyst Zachary Fadem raised the firm’s price target on Floor & Decor to $105 from $95 and keeps an Equal Weight rating on the shares. Despite constructive intra-quarter meetings, a 50bps rate cut and likely in-line Q3, the firm sees a complicated near-term setup. Category reads are still soft, hurricane sales to-be-determined, and shares reflecting seemingly aspirational FY25 assumptions, Wells adds.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App