Truist Securities Maintains Buy on OneWater Marine, Lowers Price Target to $35-Report Released on 1 February 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz has maintained a Buy rating on OneWater Marine (NASDAQ:ONEW) but lowered the price target from $38 to $35 as of 1 February 2024.

February 02, 2024 | 8:01 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on OneWater Marine but lowers the price target from $38 to $35.
While the maintenance of a Buy rating by Truist Securities indicates continued confidence in OneWater Marine's fundamentals and growth prospects, the reduction in the price target could signal a reassessment of the company's near-term valuation or potential headwinds. This mixed signal might lead to short-term market uncertainty for ONEW, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100