MarineMax price target lowered to $35 from $40 at Truist

Truist lowered the firm’s price target on MarineMax to $35 from $40 but keeps a Buy rating on the shares. The company reported another shaky quarter with downward guidance revision, though while the stock will likely be in the penalty box in the near-term, the recent volatility is largely a symptom of ongoing industry normalization rather than a more structural concern, the analyst tells investors in a research note.