Baird Maintains Outperform on Malibu Boats, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Craig Kennison has maintained an Outperform rating on Malibu Boats (MBUU) but has lowered the price target from $50 to $40.
May 03, 2024 | 10:50 am
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Baird maintains an Outperform rating on Malibu Boats but lowers the price target from $50 to $40.
While the Outperform rating suggests Baird's positive outlook on MBUU's performance, the reduction in price target could indicate a reassessment of near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100