Baltimore bridge collapse potentially adds costs for Floor & Decor, says Stifel

Stifel notes that one of Floor & Decor’s four distribution centers is located at Tradepoint Atlantic in Baltimore County and says it believes that the Francis Scott Key Bridge collapse is “a key watch point” that potentially adds costs as the company must contend with the port suspension’s near-term disruption. The firm, which estimates the Baltimore distribution center currently serves 70 of the company’s 222 stores, keeps a Hold rating and $110 price target on Floor & Decor shares.