Wells Fargo cuts Floor & Decor price target to $45 from $55
The sizable target cut and negligible implied upside support a bearish view, while reflecting an analyst opinion rather than a confirmed business change.
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The sizable target cut and negligible implied upside support a bearish view, while reflecting an analyst opinion rather than a confirmed business change.
What happened, with direct paths to the underlying reporting
Wells Fargo lowered its Floor & Decor target by about 18% to $45, approximately in line with the posted price of $45.25.
Target: $45
Posted price: $45.25
Analyst firm: Wells Fargo
Analyst: Zachary Fadem
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