UBS Maintains Neutral on Floor & Decor Hldgs, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser maintains a Neutral rating on Floor & Decor Holdings (FND) and lowers the price target from $135 to $125.
May 03, 2024 | 10:23 pm
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NEUTRAL IMPACT
UBS maintains a Neutral rating on Floor & Decor Holdings and lowers the price target from $135 to $125.
The adjustment in price target by UBS reflects a recalibration of expectations for FND's stock, likely due to market conditions or company performance. A neutral rating with a lowered price target suggests a cautious outlook, potentially due to perceived risks or limited upside at the current valuation. However, the absence of a downgrade indicates that the analyst sees no significant deterioration in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100