Jefferies analyst Jonathan Matuszewski added Floor & Decor to his firm's Franchise Picks List and reiterates a Buy rating on the shares with a $48 price target. The analyst says that while home sales are key, his work shows other metrics have trended more closely with Floor & Decor comps. A state-level analysis of housing and consumer health shows the company's exposure to top-tier markets, which is underappreciated by investors, Matuszewski tells investors in a research note. The analyst thinks investors "need to broaden their dashboards before giving up on housing momentum."