Truist Securities Downgrades Malibu Boats to Hold, Announces $32 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Malibu Boats (NASDAQ:MBUU) from Buy to Hold, with a new price target of $32, as announced by analyst Michael Swartz.
July 08, 2024 | 10:18 am
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Truist Securities has downgraded Malibu Boats from Buy to Hold, with a new price target of $32. This downgrade may indicate a less optimistic outlook for the company's stock performance in the near term.
The downgrade from Buy to Hold by Truist Securities suggests that the analyst sees limited upside potential for Malibu Boats' stock. The new price target of $32 is likely to influence investor sentiment negatively, potentially leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100