Baird lowered the firm’s price target on Leslie’s to $12 from $16 and keeps a Neutral rating on the shares. The analyst reduced 2Q estimates to reflect unfavorable weather and moderating inflation. 2Q is a small quarter, but the slower start to pool season introduces some potential risk to 2023 guidance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on LESL:
- Leslie’s price target lowered to $16 from $18 at Piper Sandler
- Leslie’s price target lowered to $12 from $16.50 at Stifel
- Leslie’s, Inc. to Report Second Quarter Fiscal 2023 Financial Results on May 3, 2023
- Loop Capital upgrades Leslie’s to Buy, sees FY23 better than expected
- Leslie’s upgraded to Buy from Hold at Loop Capital