Baird analyst Craig Kennison lowered the firm’s price target on Malibu Boats to $54 from $60 and keeps an Outperform rating on the shares. The firm noted they reported revenue and EPS upside, but lowered 2024 guidance as “the retail market notably deteriorated.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MBUU:
- Malibu Boats sees FY24 net sales decline % in high teens to low twenties y/y
- Malibu Boats reports Q1 adjusted EPS $1.13, consensus 88c
- Malibu Boats, Inc. Announces First Quarter Fiscal 2024 Results
- MBUU Upcoming Earnings Report: What to Expect?
- Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for First Quarter Fiscal 2024 Financial Results