Raymond James Maintains Outperform on MasterCraft Boat Hldgs, Lowers Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Joseph Altobello has maintained an 'Outperform' rating on MasterCraft Boat Hldgs (NASDAQ:MCFT) but lowered the price target from $40 to $25.
August 31, 2023 | 11:25 am
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NEUTRAL IMPACT
MasterCraft Boat Hldgs' price target has been lowered from $40 to $25 by Raymond James, though the 'Outperform' rating is maintained.
The news of Raymond James lowering the price target for MasterCraft Boat Hldgs could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100