Telsey Advisory lowered the firm’s price target on Leslie’s to $6 from $7.50 and keeps a Market Perform rating on the shares after the company reported “disappointing” fiscal Q4 results and gave lower than anticipated Q1 and FY24 guidance. The firm chooses to stay on the sidelines as it argues that visibility is still limited on multiple issues that could impact 2024 results, including demand trends, pricing of chemicals, promotions across retail and industry inventory levels.
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