Pool Corp. price target lowered to $280 from $346 at Oppenheimer

Oppenheimer analyst Scott Schneeberger lowered the firm’s price target on Pool Corp. (POOL) to $280 from $346 and keeps an Outperform rating on the shares. The firm notes the company’s Q4 adjusted EPS was below our/consensus estimates. Q4 revenue was also lower than estimates, and discontinued Pool’s streak of two consecutive quarters of revenue growth year-over-year, Oppenheimer adds.