Pool Corp (POOL) PT Raised to $230 at Baird
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E-mailGet Alerts POOL Hot Sheet
Rating Summary:
9 Buy, 12 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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Baird analyst David Manthey raised the price target on Pool Corp (NASDAQ: POOL) to $230.00 (from $192.00) while maintaining a Outperform rating.
The analyst commented, "POOL traded +6% after reporting in-line “core” 3Q19 results. Base business growth (+9%) was broad-based both by geography and by product category, while the company’s newer capacitycreating initiatives are also showing good early progress. Looking forward, a more intentional M&A posture was also reiterated, consistent with the company’s recent investor day. Net, we continue to view POOL as a best-in-class operator deserving of a premium multiple, and would be more aggressive buyers on pullbacks."
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