The Latest Breaking News from Pool Corp

While Pool Corporation has underperformed relative to the broader market over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

The conglomerate boosted its stakes in Domino’s Pizza and Pool Corp. and revealed a new position in the alcoholic beverage company known for such brands as Corona, Modelo, and Meiomi wine.

Longbow Research analyst David MacGregor upgraded Pool Corp (NASDAQ:POOL) to Buy from Neutral with a $550 price target, implying a 28% upside. David noted that the recent pullback reduces the likely worst-case downside of an economic recession. The analyst predicts the scenario as a suitable entry point for a high-quality compound grower profiting from sustainable…

Stifel analyst W. Andrew Carter initiated coverage of Pool Corporation (NASDAQ: POOL) with a Buy rating and $485 price target, implying a 12.6% upside.

UBS analyst Damian Karas upgraded SiteOne Landscape Supply Inc (NYSE:SITE) to Neutral from Sell while reducing the price target to $165 (a downside of 4.8%), from $170. Following correction over the past four months, the stock price now suitably reflects the company's 10% sales growth, the analyst notes. Karas specifies that SiteOne now trades at…

Pool Corp (NASDAQ:POOL) reported fourth-quarter FY21 sales growth of 23% year-on-year, to $1.04 billion, beating the analyst consensus of $958.64 million. Revenue growth was supported by households continuing to invest in outdoor living spaces, contributing to the demand. Sales were also favorably impacted from inflation. EPS of $2.65 increased 83% from $1.45 last…