Citigroup Downgrades MarineMax to Neutral, Raises Price Target to $53
Citigroup analyst James Hardiman downgrades MarineMax (NYSE:HZO) from Buy to Neutral and raises the price target from $41 to $53.
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Truist Securities analyst Gregory Miller downgrades MarineMax (NYSE:HZO) from Buy to Hold and raises the price target from $39 to $53.
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Citigroup analyst James Hardiman downgrades MarineMax (NYSE:HZO) from Buy to Neutral and raises the price target from $41 to $53.
Three consumer discretionary stocks—MarineMax, Hamilton Beach Brands and Kandi Technologies—show overbought RSI readings, warning momentum-focused
The article provides an analysis of the State Street SPDR S&P Retail ETF (XRT), a smart beta exchange-traded fund that tracks the S&P Retail Select Industry Index. XRT has lost 2.43% year-to-date and 4.75% over the past year, with a beta of 1.15 indicating medium risk. The fund has an expense ratio of 0.35% and holds approximately 77 stocks, with top holdings including Abercrombie & Fitch, Marinemax, and Grocery Outlet. Alternative retail ETFs like IBUY and RTH are also discussed as comparable options.
MarineMax, J. Jill and American Outdoor Brands show overbought RSI readings, warning momentum-focused investors.