Leslie's (LESL) PT Lowered to $35 at Jefferies

Jefferies analyst Jonathan Matuszewski lowered the price target on Leslie's (NASDAQ: LESL) to $35.00 (from $39.00) while maintaining a Buy rating.

The analyst commented, "Our view is simple and unchanged: secular growth drivers remain intact and company-specific initiatives are powerful. Despite tough comparisons from two record-setting years, management expects the biz will see sales growth above its LT algo in 2022. After multiple beat-and-raises in its first year as a public company, we think investors should get ready for upward EPS revisions throughout the year. #1 pick in Hardlines Retail."

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