Malibu Boats price target lowered to $30 from $33 at B. Riley

B. Riley analyst Anna Glaessgen lowered the firm’s price target on Malibu Boats (MBUU) to $30 from $33 and keeps a Neutral rating on the shares. Preliminary October data from Statistical Surveys showed new boat registrations down 3.1% year over year, an improvement of roughly 190 basis points from September’s -5.2%, making the fifth straight month of sequential recovery since the May low of -15.7%, the analyst tells investors in a research note.