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Floor & Decor Downgraded as Evercore ISI Lowers Target to $45

Evercore ISI changed its rating from In Line to Underperform.

Updated 1 min read
A shopper compares wood-look tile samples in a flooring showroom in Atlanta, Georgia. (AI-generated image / EconoTimes)
A shopper compares wood-look tile samples in a flooring showroom in Atlanta, Georgia. (AI-generated image / EconoTimes)

Evercore ISI cut Floor & Decor Holdings' price target to $45 on Friday, Nov. 13, while shares in the flooring retailer fell about 3% in premarket trading.

The firm said flooring demand was improving only gradually as cost pressures persisted.

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