Hayward price target raised to $14.50 from $13.50 at Stifel

Stifel raised the firm’s price target on Hayward to $14.50 from $13.50 and keeps a Hold rating on the shares based on an updated outlook after the company’s Q4 report. Initial FY24 guidance was “better than feared,” embedding what the firm views as “appropriate caution around the revenue prospects,” with stronger gross margin performance yielding the better EBITDA outlook, the analyst tells investors in a post-earnings note.