Analysts Slash Latham Group's Price Target, Still See Upside

·1 min read
  • Barclays analyst Matthew Bouley lowered Latham Group Inc's (NASDAQ: SWIM) price target to (implying an upside of 75%) from $37 and maintained an Overweight rating on the shares.

  • 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.

Latest Ratings for SWIM

Oct 2021

Barclays

Maintains

Overweight

Oct 2021

Keybanc

Maintains

Overweight

Oct 2021

Morgan Stanley

Maintains

Equal-Weight

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