Pool Corp. price target lowered to $370 from $415 at Loop Capital

Loop Capital lowered the firm’s price target on Pool Corp. to $370 from $415 and keeps a Hold rating on the shares as part of a broader research note on pool construction and maintenance names. Poor weather is a risk to Q2, and absent a movement on interest rates, lower end pool construction will likely remain challenged, the analyst tells investors in a research note. With a valuation that is nominally high, Loop warns that Pool shares will “remain volatile”.