Jefferies Upgrades Hayward Holdings Inc (HAYW) to Buy

Jefferies analyst Saree Boroditsky upgraded Hayward Holdings Inc (NYSE: HAYW) from Hold to Buy with a price target of $15.00 (from $9.50).

The analyst comments "HAYW stock was down 64% in 2022 and now represents an attractive opportunity to buy a high-quality business that is trading at a trough multiple on trough earnings. Pool equipment sales face significant headwinds in 2023, but investors should look through this to the long-term earnings power. Upgrade to Buy."

For an analyst ratings summary and ratings history on Hayward Holdings Inc click here. For more ratings news on Hayward Holdings Inc click here.

Shares of Hayward Holdings Inc closed at $9.94 yesterday.

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