Malibu Boats price target raised to $50 from $38 at KeyBanc

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.