Baird lowered the firm’s price target on Malibu Boats to $50 from $54 and keeps an Outperform rating on the shares. The firm noted the company slashed F2024 guidance as dealers choke on inventory.
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Read More on MBUU:
- Malibu Boats, Inc. Announces Second Quarter Fiscal 2024 Results
- Malibu Boats sees FY24 net sales decline % in mid-to-high thirties y/y
- Malibu Boats reports Q2 adjusted EPS 57c, consensus 47c
- Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Second Quarter Fiscal 2024 Financial Results
- Malibu Boats price target raised to $62 from $55 at Truist
