Leslie's slides after BofA Global Research cuts rating

Leslies

18/02/2025 14:12

** Shares of pool and spa products retailer Leslie's
 LESL.O  down 3.2% at $1.51 premarket
    ** BofA Global research downgrades stock to "underperform"
from "buy" and cuts price objective to $1.40 from $2.65
    ** Brokerage says muted free cash flow generation limiting
LESL's ability to pay down debt
    ** Average rating of 12 brokerages covering the stock is
"hold", with median PT of $3 - LSEG
    ** Stock fell ~30% in 2025 as of last close, and ~68% in
2024

 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))