Loop Capital analyst Garik Shmois raised the firm’s price target on Leslie’s to $8 from $6 and keeps a Hold rating on the shares. The firm’s recent discussions with the company’s CEO Mike Egeck and CFO Scott Bowman have been “incrementally more positive”, suggesting stability both in pricing and in daily sales trends, the analyst tells investors in a research note. Loop had been concerned that prices had slipped near the end of the year, but it now sees average prices as flat since January and up 2% since its last formal reading in early December, the firm added.
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