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.
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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
