INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Sep 09, 5:14 PM EDT World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.
S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Companies Boat Dealer MarineMax Sees Shares Surge After Citi Puts A Buy On Stock Analyst James Hardiman said company could benefit from an interest rate cut By Bruce Golding Published 09/09/24 AT 5:14 PM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket Yachts are docked at the Miami Beach Marina on Sept. 7, 2017, in Miami Beach, Florida.
Mark Wilson/Getty Images Shares in boat dealer MarineMax jumped 6.5% Monday morning after a Citi analyst upgraded the stock from "neutral" to "buy" and raised his target price to $44, up 10%. James Hardiman told clients that the company (NYSE:HZO) could benefit when the Federal Reserve cuts interest rates , CNBC reported.
That's because the cost of financing pushes up the total price of boats and other big-ticket items, CNBC said. "At the most basic level, HZO is a st.