Mizuho downgrades Leslie's price target to $1, citing headwinds and falling margins.

2025-07-03 15:47:00

Mizuho lowered Leslie’s price target to $1 from $3, citing top-line headwinds and deteriorating margins. Shares fell over 4% as a result. Analysts reduced 2025 EBITDA estimate to $98 million and 2026 estimate to $122 million. Mizuho’s cautious stance reflects concerns about Leslie’s ability to regain momentum and manage leverage.