Bank of America Downgrades Latham Due to Construction and Decrementals

Wednesday, 13 March 2024, 11:41

Bank of America has downgraded Latham due to poor performance in new pool construction and escalating decrementals. The downgrade reflects concerns over Latham's ability to sustain growth amidst challenges in these areas. Investors are advised to monitor the situation closely to assess the impact on Latham's future performance.

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Bank of America Downgrades Latham

Bank of America recently downgraded Latham due to weak new pool construction and higher decrementals. The downgrade reflects concerns over Latham's ability to sustain growth amidst challenges in these areas.

Reasons for Downgrade:

Weak performance in new pool construction
Increasing decrementals

Investors should closely watch for further developments to gauge the impact on Latham's future prospects.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.