MarineMax price target lowered to $40 from $43 at B. Riley

B. Riley lowered the firm’s price target on MarineMax (HZO) to $40 from $43 and keeps a Buy rating on the shares after assuming coverage of the name. B. Riley is broadly cautious on the marine space given persisting demand headwind, and sees MarineMax’s concentration on the premium boat buyer as relatively attractive in the current consumer environment, the analyst tells investors in a research note. MarineMax is the firm’s top pick in the marine space.