Oppenheimer Maintains Outperform on Pool, Lowers Price Target to $370
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Scott Schneeberger has maintained an Outperform rating on Pool Corporation (NASDAQ:POOL), but lowered the price target from $375 to $370.
October 20, 2023 | 7:21 pm
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NEUTRAL IMPACT
Pool Corporation's price target has been lowered by Oppenheimer from $375 to $370, though the Outperform rating is maintained.
The news of a lowered price target could have a mixed impact on Pool Corporation's stock. While the reduction in price target might be seen as a negative signal, the maintained Outperform rating indicates that the analyst still sees the company as a good investment. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100