Loop Capital Downgrades Floor & Decor Holdings, Inc. (FND) to Hold

Loop Capital analyst Anthony Chukumba downgraded Floor & Decor Holdings, Inc. (NYSE: FND) from Buy to Hold with a price target of $43.00.

The analyst comments " We continue to believe Floor & Decor is well on its way to becoming the “category killer” in hard surface flooring retailing and has plenty of years of robust new store growth ahead of it. All that said, given the strong year-to-date stock price performance and current valuation levels, we think our bullish fundamental outlook is priced in, with upside potential and downside risk fairly balanced. We await a more attractive entry point to become more constructive on the stock."

For an analyst ratings summary and ratings history on Floor & Decor Holdings, Inc. click here. For more ratings news on Floor & Decor Holdings, Inc. click here.

Shares of Floor & Decor Holdings, Inc. closed at $43.89 yesterday.

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