OneWater Marine price target lowered to $23 from $27 at DA Davidson

DA Davidson lowered the firm’s price target on OneWater Marine (ONEW) to $23 from $27 and keeps a Neutral rating on the shares. The firm notes that while shares traded lower after the company missed Q4 earnings expectations and issued FY25 guidance that was below consensus expectations as September hurricanes had a negative effect on the results, it was encouraging that OneWater’s physical stores are fully functional for FY25, the analyst tells investors in a research note.