KeyBanc Starts Pool Corp (POOL) at Buy

December 17, 2012 7:11 AM EST
Get Alerts POOL Hot Sheet
Price: $104.93 +0.13%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KeyBanc initiates coverage on Pool Corp (NASDAQ: POOL) with a Buy. PT $49.00.

The firm comments, "POOL distributes pool products in the United States, an attractive industry characterized by: 1) stable maintenance spending (70% of sales); 2) cyclical upside from deferred and new demand; and 3) a broadening product offering, that historically achieves twice the industry growth rate. We think the premium valuation is justified given POOL's recovery prospects as consumers revert to buying higher ticket items."

For an analyst ratings summary and ratings history on Pool Corp click here. For more ratings news on Pool Corp click here.

Shares of Pool Corp closed at $40.10 yesterday.

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