BUZZ-Floor & Decor Holdings up after Telsey Advisory Group's upgrade

Shares of flooring supplies maker Floor & Decor Holdings FND.N rise as much as 4.7% to $102.49

Brokerage Telsey Advisory Group upgrades stock to "outperform" from "market perform", raises PT by $25 to $115

Believes housing turnover activity to grow as market is becoming conditioned to elevated mortgage rates

However, sees lag between increased housing activity and flooring demand growth

Expects company's sales to remain soft in short term but sees improved performance in 2025

However, brokerage Wedbush downgrades stock to "neutral" from "outperform", cuts PT by $10 to $100

Sees shallow 2025 demand recovery as company has no new product cycle and risk of mass deportations, tariffs; says stock has elevated valuation

FND is expected to report Q4 results on February 20

Seven of 26 brokerages rate stock "buy" or higher, 16 "hold" and three "sell"; with a median PT of $103.50- data compiled by LSEG

FND fell ~10.6% in 2024