Hayward price target lowered to $14 from $14.50 at Stifel

Stifel lowered the firm’s price target on Hayward (HAYW) to $14 from $14.50 and keeps a Hold rating on the shares after updating estimates for Hayward and Pool Corp. (POOL) ahead of the latter’s Q2 earnings scheduled for July 25. The firm believes the outperformance for Hayward shares corrected a temporary dislocation in valuation with pricing power/top-tier margin structure supportive of the robust valuation, even with the incremental uncertainty borne from the Pool announcement driving a modest downward revision, the analyst says in the preview.