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MasterCraft Boat price target lowered to $21 from $24 at Raymond James

Raymond James analyst Joseph Altobello lowered the firm’s price target on MasterCraft Boat (MCFT) to $21 from $24 and keeps an Outperform rating on the shares following the Q3 results. The company’s valuation does not fully consider its improving margin profile on higher volumes beginning in FY26 once channel inventories have rebalanced, to go along with the introduction of the Balise pontoon brand and M&A opportunities, the analyst tells investors in a research note.

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