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Malibu Boats has extended its partnership with General Motors, designating Chevrolet as its Official Vehicle Brand to enhance customer experiences. This decision reinforces their collaboration, particularly in integrating GM Marine’s Monsoon Line of engines, optimized at the Malibu factory for improved boating performance and reliability.
The partnership will support events such as the Malibu Just Ride Tour and various dealer-focused initiatives across the U.S. Key executives from both companies have expressed commitment to innovation and enhancing customer experiences through this extended collaboration.
Since the recent quarter, 58 institutional investors added shares of Malibu Boats ($MBUU), while 108 decreased their positions. Analysts have issued buy ratings for $MBUU, with a median price target of $36.5 from recent assessments.
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