Stifel Downgrades Hayward Holdings to Hold, Raises Price Target to $13.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst W. Andrew Carter has downgraded Hayward Holdings (NYSE:HAYW) from Buy to Hold while increasing the price target from $13 to $13.5.

December 20, 2023 | 9:37 am
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NEUTRAL IMPACT
Hayward Holdings was downgraded by Stifel from Buy to Hold, although the price target was raised from $13 to $13.5.
The downgrade to Hold suggests that Stifel believes HAYW stock may not have significant upside potential in the near term, which could temper investor enthusiasm. However, the increase in the price target indicates a belief that the stock still has some room to grow, albeit at a slower pace than previously thought. This mixed signal could lead to a neutral short-term impact on the stock price as the market digests both the downgrade and the raised price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100