MarineMax price target lowered to $33 from $35 at B. Riley

B. Riley analyst Eric Wold lowered the firm’s price target on MarineMax to $33 from $35 and keeps a Neutral rating on the shares post the fiscal Q1 results. The quarter came in below expectations as somewhat softer boat demand at the lower end of the pricing spectrum coupled with higher floor plan financing costs adversely impacted EBITDA, the analyst tells investors in a research note. The firm remains on the sidelines given the near-term risk around "deceivingly weak" monthly registration data in the coming months until seasonality completely normalizes.