OneWater Marine price target lowered to $16 from $17 at KeyBanc

KeyBanc lowered the firm’s price target on OneWater Marine (ONEW) to $16 from $17 and keeps an Overweight rating on the shares. The firm notes the company posted mixed Q4 2025 results vs. the Street. Stronger revenue and same-store sales were encouraging given macro uncertainty and a pressured consumer. That said, softer adjusted EBITDA and a softer earnings outlook vs. consensus were disappointing, though KeyBanc notes OneWater pointed to the cleanest inventory levels seen in years – positioning the company well into FY26, in its view.