Truist analyst Michael Swartz raised the firm’s price target on Malibu Boats to $72 from $65 and keeps a Buy rating on the shares after its Q2 earnings beat. Macro concerns are likely to persist in the near term, but the company’s conference call offers greater comfort in the FY23 outlook, relatively stable demand trends for premium boats, and potential catalysts that could provide a buffer in FY24, the analyst tells investors in a research note.
Published first on TheFly
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