Leslie's shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $15 to $7.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has downgraded Leslie's stock from Buy to Hold and lowered its price target from $15 to $7, causing the shares to trade lower.
July 17, 2023 | 4:43 pm
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Leslie's shares are expected to face downward pressure in the short term due to Jefferies' downgrade and reduced price target.
The downgrade from Jefferies, a reputable financial services company, is a significant factor that can influence investor sentiment towards Leslie's. The reduction in the price target from $15 to $7 further indicates a bearish outlook for the stock, which can lead to selling pressure and a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100