BofA analyst Shaun Calnan lowered the firm’s price target on Leslie’s (LESL) to $3.05 from $3.80 and keeps a Buy rating on the shares. After the company reported fiscal Q4 adjusted EPS below the firm’s and consensus estimates driven by lower than expected revenue and operating margin, BofA lower its FY25 adjusted EBITDA forecast by 14% to reflect lower gross margin estimates. However, the firm reiterates a Buy rating given expectations for top line improvement and gross margin expansion in FY25.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LESL:
- Leslie’s price target lowered to $3.75 from $4 at Telsey Advisory
- Leslie’s price target lowered to $3.50 from $4 at Baird
- Leslie’s, Inc. Reports Fiscal 2024 Financial Results
- Leslie’s reports Q4 EPS 2c, consensus 11c
- Leslie’s sees Q1 EPS (21c) to (20c), consensus (19c)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
