MasterCraft Boat Holdings (MCFT) PT Lowered to $17 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the price target on MasterCraft Boat Holdings (NASDAQ: MCFT) to $17.00 (from $20.00) while maintaining a Neutral rating.

The analyst comments "MCFT shares have traded lower since delivering a 4Q24 earnings surprise but introducing FY25 guidance that was well below Street expectations. MCFT noted they continue to experience a challenging retail environment and uncertainty around wholesale ordering patterns, prompting FY25 to be another year of destocking. With MCFT seeing continued headwinds around retail activity as well as competition from reallocated Tommy's Boats inventory, we are maintaining our NEUTRAL rating and lowering our PT to $17 (vs. our previous $20 PT), which is based on a P/E multiple of 10.0x our FY26E: $1.70."

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