Stock Track | Floor & Decor Holdings Plunges 7.02% in Pre-Market After Multiple Analyst Target Price Cuts

Stock Track

May 01

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.

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(FND) experienced a sharp pre-market plunge of 7.02% on Friday.</p><p>The decline comes as several Wall Street analysts significantly reduced their price targets for the company. 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