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Fly News Breaks for February 13, 2018
MBUU
Feb 13, 2018 | 08:47 EDT
BMO Capital analyst Gerrick Johnson raised his price target on Malibu Boats to $40 and kept his Outperform rating after the company's Q2 earnings beat and raised FY18 shipment guidance. Johnson also points to the management's "very optimistic" commentary about the overall performance of the sport boat market along with the company's internal growth opportunities, calling Malibu Boats his "top pick" in the leisure sector.