DA Davidson analyst Brandon Rolle lowered the firm’s price target on MasterCraft Boat to $17 from $20 and keeps a Neutral rating on the shares. The company’s Q4 earnings topped estimates, but its guidance was lower than expected while the management indicated that MasterCraft continues to experience a challenging retail environment and uncertainty around wholesale ordering patterns, the analyst tells investors in a research note. FY25 looks to mark “another year of destocking”, the firm added.
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