Leslie's shares are trading lower after Loop Capital maintained a Hold rating and lowered its price target from $6 to $3. The stock may be moving on continued weakness after the company on Wednesday issued preliminary Q3 financial results and cut its FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Leslie's shares are trading lower after Loop Capital maintained a Hold rating and lowered its price target from $6 to $3. The stock is also reacting to the company's preliminary Q3 financial results and a cut in FY24 guidance.
July 19, 2024 | 4:35 pm
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Leslie's shares are trading lower due to Loop Capital's maintained Hold rating and reduced price target from $6 to $3. Additionally, the company issued weak preliminary Q3 financial results and cut its FY24 guidance.
The combination of a lowered price target by Loop Capital and disappointing preliminary Q3 financial results, along with a cut in FY24 guidance, is likely to negatively impact Leslie's stock in the short term.
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