OneWater Marine price target lowered to $32 from $36 at KeyBanc

KeyBanc analyst Noah Zatzkin lowered the firm’s price target on OneWater Marine to $32 from $36 and keeps an Overweight rating on the shares. OneWater posted solid Q4 results, though FY24 guidance was below the Street’s expectations, reflecting continued industry challenges, the analyst tells investors in a research note. The firm thinks near-term cycle volatility will ultimately create attractive capital deployment opportunities.