Pool Corp. price target lowered to $280 from $295 at BofA

BofA analyst Shaun Calnan lowered the firm’s price target on Pool Corp. (POOL) to $280 from $295 and keeps an Underperform rating on the shares. The company’s Q1 EPS miss was driven by lower revenue and management now expects 2025 gross margin to be flat year-over-year at 29.7%, down from a previous call for 29.7%-30%, the analyst tells investors. The firm lowerd its 2025 and 2026 EPS forecasts 1% each to reflect a slightly weaker revenue outlook and applies a lower multiple given the weaker growth outlook and elevated competition.