Raymond James Maintains Outperform on Malibu Boats, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello has maintained an Outperform rating on Malibu Boats (NASDAQ:MBUU) but has reduced the price target from $59 to $46.
January 31, 2024 | 1:33 pm
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NEGATIVE IMPACT
Malibu Boats' Outperform rating is maintained by Raymond James, but the price target is lowered from $59 to $46, indicating potential pressure on the stock price.
The reduction in the price target from $59 to $46 by a reputable analyst firm like Raymond James could lead to a negative investor sentiment in the short term, potentially putting downward pressure on Malibu Boats' stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100