MarineMax price target lowered to $43 from $46 at Stifel

Stifel lowered the firm’s price target on MarineMax to $43 from $46 and keeps a Buy rating on the shares ahead of the company’s scheduled fiscal Q4 report due on October 26. The firm expects management to provide a weaker outlook for FY24, though the firm reviewed its model and its estimates are “largely unchanged,” the analyst tells investors in a preview note. The firm’s lower target accounts for a more cautious industry backdrop over the next few quarters, the analyst added.