Evercore ISI Downgrades Floor & Decor Holdings to Underperform
Evercore ISI has downgraded Floor & Decor Holdings (FND) from 'In Line' to 'Underperform,' subsequently lowering its price target for the stock to $45. The downgrade follows concerns regarding a sluggish recovery in consumer demand within the flooring sector. In addition to softening demand, analysts cited ongoing cost pressures as a significant headwind for the company. Following the announcement, shares of Floor & Decor Holdings (FND) experienced a premarket decline of approximately 3%.
Tickers: $FND