Wedbush Maintains Outperform on Floor & Decor Hldgs, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham maintains an Outperform rating on Floor & Decor Holdings (NYSE:FND) but lowers the price target from $90 to $85.

November 03, 2023 | 2:27 pm
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NEUTRAL IMPACT
Wedbush maintains an Outperform rating on Floor & Decor Holdings but lowers the price target from $90 to $85.
The news is directly about Floor & Decor Holdings. The Outperform rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst expects less upside than before. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100