BofA double downgrades Leslie’s on weak free cash flow

Investing.com
02-19

Investing.com -- Bank of America downgraded largest US retailer of pool&spa supplies Leslie’s Inc to "Underperform" from "Buy" citing weak free cash flow generation and ongoing market share losses. The brokerage also cut its price target to $1.40 from $2.60 given concerns over the pool supplies retailer’s ability to pay down debt.

BofA lowered its earnings estimates on the firm following Leslie’s disappointing 2025 guidance. The company’s revenue outlook implies continued share loss, with expected sales growth of just 0.5% at the midpoint.

The firm also reduced its fiscal 2025 FCF estimate to $15 million, down from $37 million, limiting debt reduction prospects. While new CEO efforts to optimize inventory and enhance fulfillment centers could improve operations, BofA sees little near-term financial upside.

Related Articles

BofA double downgrades Leslie’s on weak free cash flow

Venture Global climbs after brokerages start coverage with bullish ratings

Exclusive-Merck vaccine case linked to HHS Secretary Kennedy delayed, company says

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10