Leslie’s price target lowered to $12 from $16.50 at Stifel

Stifel analyst W. Andrew Carter lowered the firm’s price target on Leslie’s (LESL) to $12 from $16.50 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.