Truist Securities Maintains Buy on Malibu Boats, Lowers Price Target to $64
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Michael Swartz has maintained a 'Buy' rating on Malibu Boats (NASDAQ:MBUU), but lowered the price target from $68 to $64.
July 14, 2023 | 1:58 pm
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Malibu Boats' price target has been lowered from $68 to $64 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities may cause some short-term uncertainty among investors, potentially impacting the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100