Optimistic Buy Rating for Marinemax Despite FY26 Guidance Challenges
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Citi analyst James Hardiman maintains a Buy rating for Marinemax with a $30 price target, despite FY26 guidance challenges. Positive factors include management's commentary on the Ft. Lauderdale Boat Show, same-store sales growth, and better-than-expected Q4 earnings per share due to favorable tax outcomes. Revenue and gross margins exceeded forecasts, supporting the Buy rating with an expected share price return of 27.8%.
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