Stifel Downgrades Floor & Decor to Hold Amid Weakening Housing Outlook
Stifel has downgraded Floor & Decor (FND) from buy to hold following a survey of 92 flooring professionals. The research indicates that third-quarter flooring sales are expected to trail second-quarter performance significantly, reflecting broader cooling in the housing market. The downgrade is driven by softening existing home sales and projections for continued declines through 2027. This shift suggests a challenging macroeconomic environment for specialty retailers tied to residential construction and home improvement.
Tickers: $FND