MasterCraft Boat price target raised to $21 from $17 at Truist

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.