B. Riley Securities Downgrades MasterCraft Boat Hldgs to Neutral, Lowers Price Target to $23
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities has downgraded MasterCraft Boat Hldgs (NASDAQ:MCFT) from Buy to Neutral and lowered the price target from $37 to $23.
August 31, 2023 | 9:28 am
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MasterCraft Boat Hldgs has been downgraded from Buy to Neutral by B. Riley Securities, with a lowered price target from $37 to $23.
The downgrade from Buy to Neutral by B. Riley Securities indicates a less optimistic outlook for MasterCraft Boat Hldgs. The lowered price target from $37 to $23 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100