Investing.com — Barclays expects Floor & Decor Holdings Inc (NYSE:) and Home Depot Inc (NYSE:) to benefit as existing home sales pressures ease and rates eventually decline, offering visibility into growth despite a slow housing recovery.
Barclays (LON:) upgraded Floor & Decor Holdings to “equal weight” from “underweight,” given reduced headwinds from existing home sales in 2025 and stronger gross margin support.
The brokerage raised its price target to $91, noting improved EPS outlook but flagged concerns over new store performance and competition.
Home Depot remains “overweight” with Barclays anticipating stabilizing sales and a gradual recovery in housing. Incremental growth drivers, including professional customer demand and supply chain enhancements, are seen boosting earnings potential. But brokerage cautioned that consensus estimates for 2025 might need adjustment due to expense growth.
