Floor & Decor upgraded to Equal Weight from Underweight at Barclays

Barclays upgraded Floor & Decor to Equal Weight from Underweight with a price target of $91, up from $75. The firm still sees modest downside to earnings estimates in fiscal 2025, but says “we are close to the bottom.” It expects Floor & Decor’s comps to continue improving sequentially. However, Barclays still has some questions about the company’s store growth and competitive dynamics.