Latham Group price target lowered to $2.50 from $3.50 at Stifel

Stifel lowered the firm’s price target on Latham Group (SWIM) to $2.50 from $3.50 and keeps a Hold rating on the shares after peer Pool Corp.’s (POOL) Q1 results trailed the firm’s "tempered expectations." While Pool reduced full-year guidance to factor in both a weaker Q1 and a more muted view of the balance of the year, the firm continues to believe the full-year revenue guidance is aggressive.