Citi raised the firm’s price target on MarineMax (HZO) to $32 from $29 and keeps a Buy rating on the shares. The firm views the “Big Beautiful Bill” interest deduction provision as a potential catalyst for the recreational vehicle industry. The interest deductibility proposed in the Big Beautiful Bill should be viewed by investors as the “potential gamechanger that it is, particularly for the beleaguered RV industry, which would be uniquely positioned to take advantage of such legislation,” the analyst tells investors in a research note. Citi says leisure vehicle companies “have suffered from a great many headwinds this year” that have “conspired to significantly reduce affordability.”
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