Stifel Reiterates Buy Rating on Hayward Holdings Inc (HAYW)

Stifel analyst Andrew Carter reiterated a Buy rating and $18.00 price target on Hayward Holdings Inc (NYSE: HAYW).

The analyst commented, "We were honored to host the HAYW management team earlier this week for investor meetings. We come away from the meetings emboldened in our constructive approach with HAYW highlighting commercial initiatives to strengthen its position in the advantaged pool category while maintaining/building upon its top tier margin profile through ongoing initiatives. Amid the COVID rightsizing, we believe HAYW has performed well with a margin recovery amid weak volumes with HAYW maintaining investment. Against signs of improving discretionary demand, we remain confident in our FY25E revenue/EBITDA which are at the high end of company guidance with our FY26E allowing for a slower pool category recovery with MSD revenue growth driven by HAYW’s idiosyncratic advantages. We continue with our Buy rating."

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 $16.06 yesterday.

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