Bouley continues to prefer homebuilders to build products broadly, with companies in both subsectors "facing tempered expectations into earnings, but with builders having greater potential for upside revisions to FY'22."
Recently, Keybanc analyst lowered Latham's price target to $19 (implying an upside of 44%) from $29 and maintained an Overweight rating, citing sustained cost headwinds and valuation.
Morgan Stanley analyst lowered the price target to $18 (implying an upside of 37%) from $26 and maintained an Equal Weight rating.
Price Action: SWIM shares trading lower by 2.15% at $13.17 on the last check Friday.
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