Stifel Raises Price Target for Pool Corp

.August 30, 2024 09:57 AM

Stifel analysts raised their price target for Pool Corp (NASDAQ:POOL) to $335 from $310, maintaining a Hold rating. Pool Corp holds a 37% market share in U.S. pool market wholesale distribution. Despite strong positioning, analysts warn of challenges in fiscal 2024 and high valuation. Stock likely to stay range-bound, influenced by interest rates. Stability in 2024 crucial for sustained investor interest.