William Blair analyst Ryan Merkel has maintained their bullish stance on SWIM stock, giving a Buy rating today.
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Ryan Merkel has given his Buy rating due to a combination of factors that suggest a positive outlook for Latham Group. One significant reason is the appointment of Sean Gadd as the new CEO, effective January 2026. Gadd’s extensive leadership experience at James Hardie, where he served as the president of North America, is expected to bring valuable skills and insights to Latham Group.
Additionally, both Latham and James Hardie are involved in material conversion, indicating that Gadd’s expertise is highly relevant and applicable to Latham’s operations. The transition in leadership, with the outgoing CEO Scott Rajeski remaining as a special advisor, is seen as a strategic move to ensure continuity and leverage Gadd’s capabilities, supporting the Buy rating.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $8.75 price target.