Malibu Boats downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc downgraded Malibu Boats (MBUU) to Sector Weight from Overweight without a price target The firm says that following discussions with 30 leisure vehicle dealers, it is clear that ongoing macro pressures in addition to policy shifts are influencing consumer appetite for large-ticket discretionary purchases. February screened soft for leisure products, impacted by unfavorable weather across much of the country, and the retail environment “remains muted,” the analyst tells investors in a research note. KeyBanc cites the challenging industry backdrop for the downgrade of Malibu Boats.