Loop starts MarineMax at Buy, calls name to own in boating

Loop Capital last night initiated coverage of MarineMax (HZO) with a Buy rating and $29 price target The marine industry has undergone a “significant inventory rationalization” period over the past 12-18 months that appears to be in the late stages entering 2026, the analyst tells investors in a research note. Loop sees reasons for optimism in 2026 despite the unfavorable macro backdrop and elevated interest rate environment. It views MarineMax as the name to own in the boating industry. The stock underperformed in 2025 despite the company having “prime” retail locations, exclusive brands, “underappreciated” high-margin businesses and exposure to the premium boating consumer, Loop contends.