Wells Fargo has revised its price target for Floor & Decor (FND, Financial), reducing it from $105 to $80 while maintaining an Equal Weight rating. The decision reflects the company's exposure to ongoing tariff issues and broader economic uncertainties, which are affecting investor sentiment.
Floor & Decor's shares are currently entangled in the tariff debate, and the firm's position is further complicated by potential economic downturns anticipated in 2025 and 2026. On the other hand, there remains some optimism about possible relief from tariffs, introducing volatility to the investment outlook.
Despite recognizing Floor & Decor as a "risk on" investment, Wells Fargo has expressed caution regarding its performance heading into the first quarter, steering away from taking new positions in the stock at this time.
