Malibu Boats price target lowered to $31 from $33 at DA Davidson

DA Davidson analyst Griffin Bryan lowered the firm’s price target on Malibu Boats (MBUU) to $31 from $33 and keeps a Neutral rating on the shares. After the company’s recent results, the firm’s cautious view on the marine industry at large remains unchanged as a sustainable inflection appears to be on hold while global tariff uncertainty continues to leave potential buyers on the sidelines, the analyst tells investors in a research note. Lower rates and warranty expiration on COVID units are among the catalysts for the company in the coming year, though the firm remains cautious on the name until more tangible data presents itself, DA Davidson added.