Stifel analyst Drew Crum initiated coverage of MarineMax with a Buy rating and $40 price target. The consensus view on MarineMax, the world’s largest recreational boat and yacht retailer and superyacht services company, "appears rather bearish," but he is forecasting a "decent start" to FY23, Crum tells investors. He also believes the business is better equipped to endure a recession relative to 15 years ago and has "a positive bias" on the longer-term outlook for the U.S. boating industry, added the analyst.
Published first on TheFly
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