OneWater Marine price target lowered to $32 from $35 at Stifel

Stifel lowered the firm’s price target on OneWater Marine to $32 from $35 and keeps a Buy rating on the shares ahead of OneWater Marine’s fiscal Q4 report scheduled on November 16. The firm is projecting lower results to end the fiscal period and FY24 guidance that should accompany this update will see management convey “a more cautious tone in its forecast,” the analyst tells investors in a preview note.