Truist lowered the firm’s price target on Malibu Boats to $55 from $60 but keeps a Buy rating on the shares. The company’s FY24 guidance revision was disappointing, but this was largely reflective of greater embedded caution for the second half of the year rather than a material deterioration in underlying retail, share, or operational trends, the analyst tells investors in a research note.
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- Malibu Boats price target lowered to $56 from $59 at B. Riley
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