Latham Group's Price Target Rises Amid Shift in Analyst Sentiment

Latham Group's price target has risen to $7.93 per share, up from $7.67, following a shift in analyst sentiment. Analysts are reassessing the company's strategic direction and uncertainty in its primary market. Stifel analyst W. Andrew Carter raised the price target to $8.75, citing confidence in the company's ability to capture market share and a stronger margin profile. However, reservations remain regarding the backdrop of a tepid new construction environment. The company has revised its earnings outlook for fiscal year 2025, narrowing expected Net Sales to a range of $540 million to $550 million.