OneWater Marine price target lowered to $16 from $22 at KeyBanc

KeyBanc lowered the firm’s price target on OneWater Marine (ONEW) to $16 from $22 and keeps an Overweight rating on the shares. Ahead of Q1 earnings, the firm remains broadly cautious across end markets. Recent tariff policy noise is likely acting to disrupt demand further, in KeyBanc’s view, particularly for large ticket discretionary items.