DA Davidson assumed coverage of Malibu Boats (MBUU) with a Neutral rating and $33 price target Malibu shares have traded fairly flat after the company delivering its Q3 results and cut its FY25 guidance heading into its Q4, with the management indicating that its negative guidance revision was driven by retail sales remaining sluggish entering the main selling season, the analyst tells investors in a research note. Malibu Boats is controlling what it can control, but the broader macro environment remains suboptimal for a broader recovery, the firm added.
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