Stifel analyst W. Andrew Carter raised the firm’s price target on Latham Group (SWIM) to $8.75 from $8 and keeps a Buy rating on the shares. The firm came away from the Q3 results with increased confidence in Latham’s ability to capture market share across all segments, offsetting a tepid new construction environment, the analyst tells investors. The firm is increasing its outlook for a stronger margin profile, the analyst added.
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