Stifel analyst W. Andrew Carter raised the firm’s price target on Latham Group to $7 from $6.80 and keeps a Buy rating on the shares. Ahead of investor meetings with CEO Scott Rajeski and CFO Oliver Gloe on Thursday September 19, the firm is slightly increasing its price target, which it notes continues to reflect a modest premium to residential-focused building product manufacturers as it believes enthusiasm will continue to build for Latham’s ability to disproportionately capitalize on pool category growth.
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