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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100