KeyBanc raised the firm’s price target on Malibu Boats (MBUU) to $50 from $38 and keeps an Overweight rating on the shares. Malibu Boats delivered top- and bottom-line beats and reiterated FY25 guidance, the analyst tells investors in a research note. The firm believes that the setup for leisure vehicles remains challenging, and remains broadly cautious on the marine cycle, where retail remains pressured.
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Read More on MBUU:
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