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."