MasterCraft Boat Holdings (MCFT) PT Lowered to $19 at B.Riley
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Price: $19.70 -2.91%
Rating Summary:
5 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
5 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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(Updated - July 10, 2024 7:34 AM EDT)
B.Riley analyst Eric Wold lowered the price target on MasterCraft Boat Holdings (NASDAQ: MCFT) to $19.00 (from $22.00) while maintaining a Neutral rating.
The analyst commented: "Lowering estimates with weaker registration data and the potential for dealers to remain increasingly cautious in early FY25 given the risk of lingering inventory and a need for promotional activity in an uncertain macro environment. PT from $22 to $19."
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