Pool Corp. price target lowered to $300 from $315 at Wells Fargo

Wells Fargo analyst Sam Reid lowered the firm’s price target on Pool Corp. (POOL) to $300 from $315 and keeps an Equal Weight rating on the shares. The firm notes the macro is tough and Pool is not immune, with a Q1 miss and competitive price dynamics, while updated guide still broadly contemplates flattish new pool/reno despite some discretionary “pressure.” In short, a tough quarter, Wells says, lowering estimates.