Truist raised the firm’s price target on MarineMax (HZO) to $34 from $29 and keeps a Buy rating on the shares ahead of its Q1 results. The company is benefitting in part from diversified operations and a partial leaning to super-affluent boaters, though given world affairs, the firm is cautious on near-term fundamentals including MarineMax’s international operations, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HZO:
- HZO Upcoming Earnings Report: What to Expect?
- MarineMax Authorizes New $100 Million Share Repurchase Program
- MarineMax announces new $100M stock repurchase plan
- MarineMax Shareholders Reelect Directors and Approve Compensation Policies
- MarineMax attracts buyout interest from Blackstone, TPG, Reuters reports