B. Riley Securities Maintains Neutral on Malibu Boats, Lowers Price Target to $45-Report Released on 30 January 2024
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Eric Wold has maintained a Neutral rating on Malibu Boats (NASDAQ:MBUU) but has lowered the price target from $56 to $45 as reported on January 30, 2024.
January 31, 2024 | 8:23 pm
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NEGATIVE IMPACT
B. Riley Securities has maintained a Neutral rating on Malibu Boats but reduced the price target from $56 to $45, indicating a potential downside or limited upside.
The reduction in price target by B. Riley Securities suggests that the analyst sees less potential for price appreciation in Malibu Boats' stock. This could lead to a negative perception among investors and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100