Truist Securities Maintains Buy on Malibu Boats, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz has maintained a 'Buy' rating on Malibu Boats (NASDAQ:MBUU), but lowered the price target from $64 to $62.
August 30, 2023 | 3:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Malibu Boats' price target has been lowered from $64 to $62 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100