Pool Corp. price target raised to $350 from $325 at Jefferies

Jefferies analyst Stephen Volkmann raised the firm’s price target on Pool Corp. to $350 from $325 and keeps a Hold rating on the shares ahead of the company reporting earnings this week and providing their initial outlook for FY23. While the firm lowered its estimates below current consensus, Jefferies contends that shares "look reasonably valued even on our lower estimates" given the recent run in the stock. While it views Pool as "a high quality long-term compounder," it would look for a better entry point, the firm added.