Piper Sandler upgraded Floor & Decor to Overweight from Neutral with a price target of $80, up from $75. The firm cites the potential for comp improvement by Q1 of 2026 and possible further acceleration in 2026 for the upgrade. Floor & Decor will return to “normalized” demand after working through the demand pull-forward excesses from 2020-2022, the analyst tells investors in a research note. Piper views the shares as undervalued at current levels.
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