Leslie’s price target lowered to 55c from $1.40 at BofA

BofA analyst Shaun Calnan lowered the firm’s price target on Leslie’s (LESL) to 55c from $1.40 and keeps an Underperform rating on the shares. The firm lowered 2025 and 2026 forecasts for the building products names under its coverage by about 4% and 6%, respectively, on average to reflect weaker renovation and remodel spending, slower new construction and potential tariffs impacts, noting that it also lowered price targets among the group by about 17% on average.