UPDATE: B.Riley Upgrades MarineMax (HZO) to Buy

June 21, 2021 7:17 AM EDT
Get Alerts HZO Hot Sheet
Price: $53.58 -1.8%

Rating Summary:
    8 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - June 21, 2021 7:44 AM EDT)

B.Riley analyst Eric Wold upgraded MarineMax (NYSE: HZO) from Neutral to Buy with a price target of $57.00.

The analyst comments "

Reevaluating our prior demand regression concerns with checks finding new boat demand remains robust. We now expect new boat demand and delayed deliveries to keep revenues elevated well into FY22. We see an upside bias to near-term estimates and expect a guidance hike on strong sales and Cruisers acquisition. The strengthened balance sheet from improved cash flows reduces interest expense and provides M&A options."

For an analyst ratings summary and ratings history on MarineMax click here. For more ratings news on MarineMax click here.

Shares of MarineMax closed at $45.19 yesterday.

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