MarineMax initiated with a Buy at Texas Capital

Texas Capital analyst Eric Wold initiated coverage of MarineMax (HZO) with a Buy rating and $43 price target The company’s focus on the premium segment of the market and a higher income demographic should allow it to outperform the industry with structurally higher gross margins, argues the analyst. The firm also believes the company’s real estate portfolio is “underappreciated and has the potential to create attractive shareholder return opportunities,” the analyst tells investors.