OneWater Marine price target lowered to $35 from $38 at Truist

Truist analyst Michael Swartz lowered the firm’s price target on OneWater Marine to $35 from $38 but keeps a Buy rating on the shares. The company’s Q1 results and affirmed guidance illustrate the inherent strengths of OneWater’s business model, particularly as the broader marine industry continues the process of post-pandemic normalization, the analyst tells investors in a research note.