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Fluidra downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Rajesh Patki downgraded Fluidra (FLUIF) to Equal Weight from Overweight with a price target of EUR 20, down from EUR 30. The firm says the company’s high inventory levels in U.S. distribution channels raise destocking concerns over the next few quarters. It sees the concerns leading to a better entry point for the shares.

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