Keybanc Maintains Overweight on Malibu Boats, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Noah Zatzkin has maintained an Overweight rating on Malibu Boats (NASDAQ:MBUU) but lowered the price target from $65 to $58.
November 01, 2023 | 9:39 am
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Malibu Boats' price target has been lowered from $65 to $58 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100