The pandemic lockdowns are over, but consumers are still spending on renovations to enjoy more leisure time at home, Deutsche Bank said, predicting that Pool Corp shares could rally nearly 30% from here. The stock added 4% Wednesday after analyst Joe Ahlersmeyer upgraded the pool construction company to a buy from a hold rating, saying that shares and earnings guidance should surprise to the upside. Despite concerns of slowing spending on the horizon, Deutsche Bank expects higher-priced remodeling to hold up as homeowners seek to improve their homes to enjoy and sell at a higher price. Investors have also come to believe that much of Pool's success hinges on benefits from pandemic stimulus and lockdowns. Deutsche Bank boosted its price target on Pool shares to $417 from $350, representing an upside of 28% from Tuesday's close.

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