MasterCraft Boat price target raised to $25 from $21 at Raymond James

Raymond James raised the firm’s price target on MasterCraft Boat (MCFT) to $25 from $21 and keeps an Outperform rating on the shares. The company reported a fiscal Q4 beat as sales inflected higher on higher shipments, the analyst tells investors in a research note. The firm believes the shares warrant premium valuation as MasterCraft’s profitability remains “depressed” and its volumes are only beginning to come out of a cyclical trough.