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 (NYSE:FND) from Buy to Neutral and lowered the price target from $122 to $90.
October 06, 2023 | 3:32 pm
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NEGATIVE IMPACT
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 further dampen investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100