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- Longbow Research analyst David MacGregor upgraded Pool Corp POOL to Buy from Neutral with a $550 price target, implying a 28% upside.
- David noted that the recent pullback reduces the likely worst-case downside of an economic recession.
- The analyst predicts the scenario as a suitable entry point for a high-quality compound grower profiting from sustainable competitive advantages and several supporting secular trends.
- Price Action: POOL shares are trading higher by 4.33% at $428.25 on the last check Tuesday.
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