Raymond James Maintains Outperform on Malibu Boats, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello has maintained an 'Outperform' rating on Malibu Boats (NASDAQ:MBUU), but lowered the price target from $60 to $50.
November 01, 2023 | 11:26 am
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Malibu Boats' price target has been lowered from $60 to $50 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100