Stifel raised the firm’s price target on Floor & Decor to $100 from $97.50 and keeps a Hold rating on the shares. Following Q3 earnings, the firm’s F&D revenue outlook remains largely unchanged with its EBITDA estimates moving higher given the continued gross margin strength. Company commentary suggests the strength should continue into FY25, the analyst tells investors in a post-earnings note.
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Read More on FND:
- Floor & Decor Enhances Board with New Appointment
- Floor & Decor price target raised to $100 from $98 at Mizuho
- Floor & Decor Holdings Reports Q3 2024 Financial Results
- Floor & Decor reports Q3 EPS 48c, consensus 43c
- Floor & Decor narrows FY24 EPS view higher to $1.65-$1.75, consensus $1.67
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