Pool Corp. price target lowered to $360 from $370 at Wells Fargo

Wells Fargo lowered the firm’s price target on Pool Corp. (POOL) to $360 from $370 and keeps an Equal Weight rating on the shares. Amidst a tough builder backdrop, the firm has detected a step-up in interest across its product/distributor coverage in recent weeks, even as questions about R&R recovery/tariffs percolate. Wells’ preference for the Q4 product EPS includes stocks with pricing power, limited discretionary R&R and attractive valuations.