Floor & Decor Holdings Inc (FND) Received its Third Buy in a Row


After Longbow Research and Wells Fargo gave Floor & Decor Holdings Inc (NYSE: FND) a Buy rating last month, the company received another Buy, this time from UBS. Analyst Michael Lasser upgraded Floor & Decor Holdings Inc to Buy today and set a price target of $37. The company’s shares closed yesterday at $29.67.

According to TipRanks.com, Lasser is a 4-star analyst with an average return of 6.1% and a 59.6% success rate. Lasser covers the Services sector, focusing on stocks such as Weight Watchers International, Wal-Mart Stores Inc, and Advance Auto Parts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Floor & Decor Holdings Inc with a $36.89 average price target, a 24.3% upside from current levels. In a report issued on January 8, Wells Fargo also assigned a Buy rating to the stock with a $37 price target.

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The company has a one-year high of $58.28 and a one-year low of $23.30. Currently, Floor & Decor Holdings Inc has an average volume of 1.7M.

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Floor & Decor Holdings, Inc. engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls.

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