Barclays analyst Seth Sigman maintains $Floor & Decor (FND.US)$ with a sell rating, and maintains the target price at $75.
According to TipRanks data, the analyst has a success rate of 53.0% and a total average return of -9.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Floor & Decor (FND.US)$'s main analysts recently are as follows:
The firm has adjusted its expectations for Floor & Decor to reflect the impact of Hurricane Helene at the end of the quarter. Additionally, projections have been moderated due to the ongoing decline in existing home sales, which, however, may be partially offset by the anticipated increase in repair needs following significant hurricane activity.
Despite positive intra-quarter discussions, a modest rate reduction, and anticipated alignment with third-quarter expectations, the near-term outlook is perceived as challenging. Category indicators remain subdued, the impact of hurricane sales is still uncertain, and the current share price appears to incorporate optimistic long-term forecasts.
Note:
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