Floor & Decor Holdings Inc. (FND) experienced a sharp pre-market plunge of 7.02% on Friday.

The decline comes as several Wall Street analysts significantly reduced their price targets for the company. Piper Sandler cut its target to $70 from $78, Jefferies lowered to $54 from $70, Truist Securities reduced to $65 from $90, TD Cowen slashed to $48 from $60, and Telsey Advisory Group trimmed to $61 from $80.

These coordinated downward revisions indicate heightened analyst caution regarding the company's prospects, driving selling pressure before the opening bell.