POL - Pool Leslie's gain as Loop Capital shifts to Buy

2023-04-06 10:17:12 ET

Pool Corporation ( NASDAQ: POOL ) and Leslie’s landed upgrades from Loop Capital as the firm told clients it sees “a good buying opportunity” at current levels.

Both stocks were raised to Buy rating from prior Holds, with a recent survey revealing a stronger than expected outlook into the warmer months.

“With POOL shares down 25% since recent highs in early February and LESL down 33%, we think the pullback offers a good buying opportunity especially as we expect both companies to reiterate guidance against valuations that implies meaningful downside to estimates from here,” equity analyst Garik Shmois wrote.

He assigned a $415 price target to pool, up from a prior $395 and maintained a $16 target for Leslie’s ( NASDAQ: LESL ). Shares of Pool Corporation ( POOL ) rose 1.44% early in Thursday’s session while Leslie’s ( LESL ) was lifted 4.56% .

Read more on why the Seeking Alpha Quant team remains dubious on Leslie’s .

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