BUZZ-Leslie's slides after BofA Global Research cuts rating
ReutersFeb 18, 2025 2:12 PM
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
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