Medium materiality6/10
Malibu Boats price target cut to $26 from $34 at Truist
Why it may matterVerify against the original reporting
The substantial target cut is bearish, although the revised target remains above the posted price.
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The substantial target cut is bearish, although the revised target remains above the posted price.
What happened, with direct paths to the underlying reporting
Truist reduced its target by about 24% to $26; the posted price was $22.10.
Target: $26
Posted price: $22.1
Analyst firm: Truist Financial
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