FMP
Aug 30, 2024 1:57 PM - Davit Kirakosyan
Image credit: FMP
Stifel analysts increased their price target for Pool Corp (NASDAQ:POOL) to $335 from $310, while maintaining a Hold rating on the stock. The analysts highlighted Pool Corp's strong positioning in the U.S. pool market, with a 37% market share in wholesale distribution, and its significant resources to further solidify its leadership.
However, they cautioned that while expectations have been adjusted to reflect fiscal 2024 challenges, the company's current valuation leaves little room for error, particularly given a potentially muted recovery and elevated expenses.
The analysts believe that Pool Corp's stock is likely to remain range-bound, influenced by interest rate sentiment, with stability in 2024 being crucial for sustained investor interest.
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On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
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