5 Causes To Personal Pool Firm Leslie’s Inventory
Pool company Leslie’s Inc (NASDAQ: LESL) sees stocks trading higher due to an analyst upgrade and a new price target. Here are five reasons Leslie’s shares could go up.
Leslie’s analyst: Bank of America analyst Elizabeth L. Suzuki upgrades Leslie’s stock from neutral to buy and announces a new price target of $ 36.
Related Link: Leslie Pool Corp IPO: What Investors Need to Know
The analysts’ findings: Five reasons are given in the analyst’s note that outlines the bull case for Leslie’s stock.
1. Residential bathrooms could stay open longer than normal in 2021 due to the Covid-19 delays in the “reopening” of travel and sport with new variants. Increasing pool opening times could result in higher pool chemicals and cleaning expenses.
2. Leslies Comps could continue to benefit from inflation with rising raw material prices for items like chlorine. “As the largest retail chain in its category, LESL also has a competitive advantage in sourcing products that are limited in availability,” said Suzuki.
3. Leslie’s has launched several business initiatives for the next pool season. the analyst notes. Ten residential stores have been converted into Leslies Pro locations and more new stores are opening. The AccuBlue Home water test version 2.0 will go live in time for next year’s pool season.
4th Google trends show keen interest in finding “Pool installation” and “Whirlpool,” which could indicate that the company has a lot of catching up to do in the future.
5. An attractive valuation on stocks is the last of the analyst’s five reasons stocks hit a target price of $ 36. For the first time since the IPO, the share is now below 20 times the EV / EBITDA.
Suzuki says it’s time to “hold your nose and get in” on shares in pool operator Leslie.
LESL price promotion: Leslie’s shares were up 3.27% on Friday to $ 23.39.
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