B. Riley analyst Eric Wold raised the firm’s price target on MasterCraft Boat to $24 from $21 and keeps a Neutral rating on the shares following the Q2 earnings report. MasterCraft Boat’s channel inventories remain elevated with a goal of reaching more appropriate levels by Q4, and dealers could remain cautious into FY25, given the macro environment and low margins, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MCFT:
- MasterCraft Boat Holdings, Inc. Reports Results for Fiscal 2024 Second Quarter
- MasterCraft Boat sees Q3 adjusted EPS 23c, consensus 43c
- MasterCraft Boat sees FY24 adjusted EPS $1.53-$1.78, consensus $1.70
- MasterCraft Boat reports Q2 adjusted EPS 37c, consensus 23c
- MasterCraft Boat price target lowered to $20 from $22 at Truist