Leslie's Fair Value Increases to $5.88 Per Share Amid Refreshed Assumptions and Ongoing Risks

Leslie's latest valuation work shows a slightly higher fair value of $5.88 per share, up from $5.53, based on refreshed assumptions for discount rates and revenue trends. Morgan Stanley has taken a cautious stance on Leslie's, keeping an Underweight rating and lowering its price target to $1 from $1.50 in a post-earnings update.