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Fly News Breaks for August 21, 2018
FND
Aug 21, 2018 | 07:08 EDT
Jefferies analyst Jonathan Matuszewski assumed coverage of Floor & Decor and upgraded shares to Buy from Hold with a $48 price target, telling investors in a research note that the Q2 sell-off creates an opportunity and he views the company as his top pick. The analyst says he believes the sell-off was overdone and believes the trajectory for continued ~20% unit roll-out over the next several years is achievable as the company moves toward its long-term goal of 400 units.
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