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International Business Times
International Business Times
Bruce Golding

Boat Dealer MarineMax Sees Shares Surge After Citi Puts A Buy On Stock

MarineMax Citi US Federal Reserve the Federal Reserve CNBC
Yachts are docked at the Miami Beach Marina on Sept. 7, 2017, in Miami Beach, Florida. (Credit: 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.

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