Citigroup Downgrades Floor & Decor Hldgs to Neutral, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone has downgraded Floor & Decor Holdings (FND) from Buy to Neutral and lowered the price target from $122 to $90.
October 05, 2023 | 10:36 am
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Floor & Decor Holdings has been downgraded by Citigroup from Buy to Neutral, with a lowered price target of $90.
The downgrade from Buy to Neutral by Citigroup, a major financial institution, could negatively impact investor sentiment towards FND. The lowered price target from $122 to $90 also suggests that Citigroup sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100