Truist Securities Maintains Buy on Malibu Boats, Lowers Price Target to $55
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 $60 to $55.

November 01, 2023 | 6:17 pm
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NEUTRAL IMPACT
Malibu Boats' price target has been lowered from $60 to $55 by Truist Securities, though the 'Buy' rating is maintained.
The news is directly about Malibu Boats and is likely to influence investor sentiment. While the 'Buy' rating is maintained, the lowering of the price target may indicate a potential decrease in the short-term value of the stock. However, the impact is neutral as the 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100