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Fly News Breaks for May 3, 2018
MBUU
May 3, 2018 | 08:57 EDT
SunTrust analyst Michael Swartz raised his price target on Malibu Boats to $48 and also raised his FY18 EPS view to $2.48 from $2.25. Swartz says that despite the 18% rise in the stock price following yesterday's Q3 earnings beat, the company stands to benefit from the "strong underlying ski/wake momentum" and the positive impact of the Cobalt acquisition. The analyst keeps his Buy rating on Malibu Boats.
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