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Fly News Breaks for January 15, 2020
MBUU
Jan 15, 2020 | 06:28 EDT
Berenberg analyst Alex Maroccia initiated coverage of Malibu Boats with a Buy rating and $50 price target. The company has a 30% market share in its core performance sport boat segment, "making it a solid industry leader," Maroccia tells investors in a research note. Further, Malibu Boats recently diversified through its acquisitions of Cobalt Boats and Pursuit Boats, adds the analyst, who views the shares as an attractive opportunity in the leisure space.
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