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Benzinga
Benzinga
Business
Shivani Kumaresan

Longbow Turns Bullish On Pool Corp - Read Why

Pool Corp Nasdaq
  • 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 competitive advantages and several supporting secular trends.
  • Price Action: POOL shares are trading higher by 4.33% at $428.25 on the last check Tuesday.
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