Bernstein Downgrades Floor & Decor Hldgs to Market Perform, Announces $115 Price Target
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Dean Rosenblum downgraded Floor & Decor Holdings (FND) from Outperform to Market Perform and set a price target of $115.
January 16, 2024 | 5:31 pm
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Bernstein downgraded Floor & Decor Holdings to Market Perform and set a price target of $115.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target, while potentially lower than the current trading price, reflects the analyst's revised expectations for the stock.
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