Wedbush downgraded Floor & Decor to Neutral from Outperform with a price target of $100, down from $110. Telsey Advisory this morning upgraded the shares. Floor & Decor shares have “treaded water” in the past year, and Wedbush now expects the same for 2025 with a “subdued” recovery outlook, no product cycle in sight, and risk from mass deportations and tariffs, the analyst tells investors in a research note. The firm says that while the home improvement industry could return to low-single-digit growth in 2025, it expects flooring to be a lagging category due to its “big-ticket easily deferrable nature.” Moreover, after a late 2024 bump, housing market and durables sales indicators have slipped to start 2024 on the back of higher rates and renewed macro uncertainty for consumers, adds Wedbush.
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Read More on FND:
- Floor & Decor downgraded to Neutral from Outperform at Wedbush
- Floor & Decor upgraded to Outperform from Market Perform at Telsey Advisory
- Floor & Decor price target raised to $110 from $103 at JPMorgan
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