B. Riley raised the firm’s price target on MasterCraft Boat (MCFT) to $19 from $18 and keeps a Neutral rating on the shares after assuming coverage of the name. B. Riley is broadly cautious on the marine space given persisting demand headwind, and the price target increase gives the company credit for strengthening sentiment, the analyst tells investors in a research note. The firm will be looking for opportunities to get constructive as demand visibility improves.
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