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Fly News Breaks for August 31, 2017
MBUU
Aug 31, 2017 | 08:14 EDT
Wells Fargo says that Malibu Boats' acquisition of Cobalt Boats is "transformative" and "complementary to Malibu Boats' current core operations." The firm says that cost synergies and Malibu's entry into a new market in the wake of the deal can boost its stock. Wells keeps an Outperform rating on Malibu.
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