MarineMax price target raised to $29 from $27 at B. Riley

B. Riley raised the firm’s price target on MarineMax (HZO) to $29 from $27 and keeps a Buy rating on the shares. MarineMax reported a mixed Q1, with solid 10% same-store sales offset by continued boat margin pressure in a promotional environment, the analyst tells investors in a research note. The company reiterated full year guidance, relying more on back-half performance, while stabilizing customer deposits and positive January SSS suggest potential underlying sales strength despite a modeled Q1 decline of 4%, the firm says.