BofA analyst Elizabeth Suzuki lowered the firm’s price target on Leslie’s to $7 from $12 and keeps a Buy rating on the shares after sales beat expectations but margins missed in fiscal Q4. Leslie’s initial outlook for FY24 was more conservative than the firm’s estimates and consensus and investor sentiment around pool-related public companies “remains a headwind,” but the firm views the company as well-positioned within a niche category, the analyst tells investors.
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Read More on LESL:
- Leslie’s price target lowered to $5.50 from $7.00 at Baird
- Leslie’s falls 16% to $4.90 after Q4 earnings miss, below-consensus FY24 guide
- Leslie’s, Inc. Announces Fourth Quarter & Fiscal 2023 Financial Results; Provides Fiscal 2024 Outlook
- Leslie’s sees FY24 adjusted EPS 25c-33c, consensus 50c
- Leslie’s reports Q4 adjusted EPS 14c, consensus 18c
