B. Riley lowered the firm’s price target on Malibu Boats (MBUU) to $30 from $39 and keeps a Neutral rating on the shares following the fiscal Q3 report. Looking ahead, the company moderated the implied outlook for Q4, reflecting softer retail and ongoing market uncertainty, the analyst tells investors in a research note. The firm believes Malibu Boats is well positioned to capitalize once retail demand inflects.
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Read More on MBUU:
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