Leslie’s price target lowered to $3 from $4 at Mizuho

Mizuho lowered the firm’s price target on Leslie’s (LESL) to $3 from $4 and keeps a Neutral rating on the shares. The firm enters 2025 optimistic that the fundamental underpinnings of firmer consumer spending remain intact. 2025 should be a year characterized by elevated headline risk under a “new, very business-friendly administration,” the analyst tells investors in a research note. With a retailing group particularly exposed to tariffs, Mizuho highlights the “more inelastic demand categories” of auto parts and home improvement as better-situated.