Malibu Boats transitioned with an Overweight at KeyBanc

KeyBanc analyst Noah Zatzkin took over coverage of Malibu Boats with an Overweight rating and $65 price target. Malibu has long been a "highly effective/industry-leading" boat maker, and not much has changed, the analyst tells investors in a research note. The firm finds the stock’s valuation compelling at current levels.