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Wolfe Research analyst Greg Badishkanian initiated coverage of Leslie's with an Outperform rating and $25 price target.

As previously reported, Jefferies analyst Randal Konik initiated coverage of Leslie's with a Buy rating and $26 price target. While he argues Leslie's has an attractive business "irrespective of COVID-19," he believes evolving consumer behavior spurred by the pandemic supports its short-term momentum and long-term growth given how its share of residential pool owner spend and its 5.5M active customer file are growing with an enhanced rewards program and optimized marketing.

William Blair analyst Ryan Merkel initiated coverage of Leslie's with an Outperform rating. The pool industry is enjoying strong growth during the COVID-19 pandemic as more people are staying at home, driving increased pool and spa usage and higher unit growth, Merkel tells investors in a research note. The analyst believes Leslie's has a durable business model to grow its brand.

As previously reported, Baird analyst Peter Benedict initiated coverage of Leslie's with an Outperform rating and $25 price target. Given the company's "dominant competitive position" and improving omni-channel capabilities, combined with a durable and accelerating demand backdrop for pools and pool products, the odds of the company delivering on, or exceeding, its sales and EPS growth targets "appear good," Benedict tells investors.

Morgan Stanley analyst Simeon Gutman initiated coverage of Leslie's with an Equal Weight rating and $21 price target. While he like Leslie's "leading status" in the predictable and consistent pool category, and forecasts 10%+ bottom-line growth through FY22, Gutman thinks this looks priced at current share levels following the recent IPO, he tells investors. He prefers wait for a better entry point, Gutman added.

Baird initiated coverage of Leslie's with an Outperform rating and $25 price target.

Jefferies analyst Randal Konik initiated coverage of Leslie's with a Buy rating and $26 price target.

Guggenheim analyst Steven Forbes initiated coverage of Leslie's with a Neutral rating and $22 price target.

BofA analyst Elizabeth Suzuki initiated coverage of Leslie's with a Neutral rating and $24 price target. The analyst cites valuation for the Neutral rating. Leslie's has a "compelling model" in a growth industry, but others stocks in the space offer more upside, Suzuki tells investors in a research note.