Truist raised the firm’s price target on MasterCraft Boat (MCFT) to $21 from $17 and keeps a Hold rating on the shares. The company’s solid financial position with growing stock buybacks helps balance the choppy macro, though the firm remains neutral rated due to a continued challenging marine OEM backdrop, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCFT: