Truist Securities Maintains Buy on Malibu Boats, Lowers Price Target to $52-Report Released on 30 January 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz has maintained a Buy rating on Malibu Boats (NASDAQ:MBUU) but has reduced the price target from $62 to $52, as reported on January 30, 2024.

January 31, 2024 | 7:09 pm
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Truist Securities maintains a Buy rating on Malibu Boats but lowers the price target from $62 to $52.
While the maintenance of a Buy rating is positive, the reduction in the price target from $62 to $52 by Truist Securities could be seen as a negative adjustment based on their expectations of the company's future performance. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100