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Add as a preferred source on GoogleEvercore ISI Downgrades Floor & Decor, Cuts Target to $45
The firm pointed to a slower flooring-demand recovery and ongoing cost pressure. Shares were down about 3% in premarket trading Friday.
Evercore ISI lowered its rating on Floor & Decor Holdings to Underperform from In Line and reduced its price target to $45, pointing to sluggish improvement in flooring demand and persistent cost pressure.
Floor & Decor shares were down roughly 3% before the market opened Friday, Nov. 13.