DA Davidson lowered the firm’s price target on MasterCraft Boat (MCFT) to $22 from $23 and keeps a Buy rating on the shares. The stock rose after the company’s Q2 earnings surprise and narrowed FY25 guidance, but the management also noted that retail demand still remains tepid with mixed performance at recent boat shows and field inventory destocking that still needs to take place during the second half of FY25, the analyst tells investors in a research note.
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Read More on MCFT:
- MasterCraft’s Mixed Earnings Call: Challenges and Opportunities
- MasterCraft Boat Holdings Reports Q2 Fiscal 2025 Results
- MasterCraft Boat sees FY25 adjusted EPS 64c-86c, consensus 71c
- MasterCraft Boat reports Q2 adjusted EPS 10c, consensus (1c)
- MasterCraft Boat sees Q3 adjusted EPS 17c, consensus 28c
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