Baird raised the firm’s price target on Malibu Boats (MBUU) to $50 from $40 and keeps an Outperform rating on the shares. The firm said they reported a sharp drop in shipments as management partners with dealers to reduce channel inventory. Baird’s work suggests dealer inventory is significantly, taking some of the edge off a highly promotional environment.
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Read More on MBUU:
- Malibu Boats price target raised to $50 from $38 at KeyBanc
- Malibu Boats downgraded to Neutral from Buy at DA Davidson
- Malibu Boats Faces Sales Decline Amid Challenging Market
- Malibu Boats sees FY25 net sales increase % low single digits y/y
- Malibu Boats reports Q1 adjusted EPS 8c, consensus (8c)
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