Latham Group price target lowered to $7 from $8 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Latham Group (SWIM) to $7 from $8 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the homebuilding and building products group as part of a Q4 earnings preview. The builders could see ongoing margin pressure amid “choppy” demand and elevated inventory, with government policy “driving potential negatives and positives together,” the analyst tells investors in a research note. Barclays remains selective on building products into the Q4 reports.