Citi Starts MarineMax (HZO) at Buy

Citi initiates coverage on MarineMax (NYSE: HZO) with a Buy rating and a price target of $26.00.

Analyst Gregory Badishkanian comments "We are initiating coverage of MarineMax with a Buy rating and $26 target price. MarineMax (HZO) is the largest recreational boat dealer in the U.S. with 62 retail locations, and the company’s proven business model, experienced management team, focus on premium boat brands, and solid acquisition strategy differentiate it from many of its competitors. As a result, we believe that HZO should continue to gain share in the U.S. boat market, which we'd expect to result in average SSS growth of nearly 9% over the next three years with EPS growth of 27%."

For an analyst ratings summary and ratings history on MarineMax click here. For more ratings news on MarineMax click here.

Shares of MarineMax closed at $21.00 yesterday.

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