Truist Securities Maintains Buy on Malibu Boats, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Swartz has maintained a Buy rating on Malibu Boats (MBUU) but lowered the price target from $52 to $42.
May 03, 2024 | 2:01 pm
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NEGATIVE IMPACT
Truist Securities maintains a Buy rating on Malibu Boats but reduces the price target from $52 to $42.
The reduction in price target by Truist Securities, despite maintaining a Buy rating, could lead to short-term negative sentiment among investors, potentially impacting MBUU's stock price negatively as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100