MarineMax Provides Update on Impact from Hurricane Helene
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B.Riley on MarineMax (HZO): 'We would expect the combination of seasonal timing and the shortterm disruption to be well understood by investors'
October 4, 2024 12:19 PM EDTB.Riley analyst Eric Wold reiterated a Buy rating and $49.00 price target on MarineMax (NYSE: HZO).
The analyst comments "On Thursday, 10/3 AMC, MarineMax, Inc. (HZO Buy, $49 PT) confirmed some adverse impacts from Hurricane Helene on operations in Floridawith significant damage to certain locations on the west coast of the state and limited damage to other locations in the Southeast. While management noted that the company is still assessing the impact of Hurricane Helene and the potential disruption of operations into FY25 (September FYE), AEBITDA for FY24 is now expected to... More
