KeyBanc downgraded Hayward (HAYW) to Sector Weight from Overweight without a price target The firm sees risk to pool recovery momentum in 2025 given a “stubbornly high” interest rate environment. This will continue to hold back new pool and remodel and upgrade investment, the analyst tells investors in a research note. KeyBanc says that with no clear line of sight to pool improvement, it sees 2025 as another transition year for Hayward.
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