DA Davidson lowered the firm’s price target on MasterCraft Boat (MCFT) to $22 from $23 and keeps a Buy rating on the shares. The stock rose after the company’s Q2 earnings surprise and narrowed FY25 guidance, but the management also noted that retail demand still remains tepid with mixed performance at recent boat shows and field inventory destocking that still needs to take place during the second half of FY25, the analyst tells investors in a research note.
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