Investing.com -- Floor&Decor Holdings Inc (NYSE:FND) received contrasting analyst upgrades, with Telsey Advisory Group raising its rating to "Outperform" while Wedbush downgraded the stock to "Neutral" amid a slow recovery in the home improvement sector.
Telsey sees improving housing turnover as a key driver for flooring demand in 2025 and expects Floor&Decor to gain market share through store expansion and strategic initiatives. The firm raised its price target to $115.
Wedbush, however, cited a subdued recovery outlook, risks from tariffs and mass deportations, and weaker-than-expected new store volumes. It lowered its rating to "Neutral" and reduced its price target to $100 from $110.
“FND shares have treaded water in the past year, and we now expect the same for 2025 with a subdued recovery outlook, no product cycle in sight and risk from mass deportations and tariffs,” Wedbush analyst said.
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