Stifel downgraded Hayward to Hold from Buy with a price target of $13.50, up from $13. The firm said it is now taking a more cautious view of 2024 and the shares, now commanding a valuation in-line with the top-tier residential equipment manufacturers. The firm believes headwinds from SG&A inflation/incentive compensation restoration are now underappreciated.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HAYW:
- Hayward names John Collins as Chief Commercial Officer
- KeyBanc keeps Overweight on Hayward, trims target to $16 on lower estimates
- Hayward reports Q3 EPS 5c, consensus 8c
- Hayward price target lowered to $15 from $16.50 at Stifel
- Hayward Holdings, Inc. (HAYW) Q3 Earnings Cheat Sheet
Questions or Comments about the article? Write to editor@tipranks.com