B. Riley analyst Eric Wold upgraded MarineMax to Buy from Neutral with a price target of $52, up from $33. The analyst likes the company’s diversification intiaitives and opportunities arising from its real estate portfolio. MarineMax’s growing real estate portfolio could unlock incremental value for shareholders and it should experience sustained premium segment boat demand, which provides a safety net in an inflationary environment, the analyst tells investors in a research note.
Published first on TheFly
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