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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HZO:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue