KeyBanc Upgrades Pool Corp (POOL) to Overweight

KeyBanc upgraded Pool Corp (NASDAQ: POOL) from Sector Weight to Overweight with a price target of $79.

Analyst Kenneth R. Zener said, "We upgrade Pool Corporation (POOL) to Overweight and a $79 price target, with its U.S.-centric, non-discretionary maintenance pool profile currently offering an attractive risk to reward. Following a rare earnings revision in 2Q15 tied to weather (Texas rain, CA coolness), we think 3Q15 sales trends will normalize, with cyclical upside potential from new pool construction and remodeling tied to home-owners' rising home equity."

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 $69.24 yesterday.

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