MarineMax price target lowered to $35 from $38 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the firm’s price target on MarineMax (HZO) to $35 from $38 but keeps a Buy rating on the shares as part of a broader research note on Leisure / Powersports. The latest boat industry checks revealed tepid retail demand and elevated inventory levels entering 2025, the analyst tells investors in a research note. For the company however, the firm remains bullish on MarineMax given shares are trading close to the value of the company’s real estate portfolio and there is still optionality around a potential sale of assets/businesses from the company’s strategic review.