Market Overview

UPDATE: BMO Capital Markets Upgrades Brunswick to Outperform on Marine Industry Outlook

Share:
Related BC
Brunswick CEO: The Boating Market Is 'Very Powerful, Very Strong And Growing Very Much'
Best Macro Conditions Since Before The Recession Leads The Way For Brunswick's Unprecedented New Product Lineup

BMO Capital Markets raised its rating on Brunswick (NYSE: BC) from Market Perform to Outperform and increased its price target from $25 to $36.

BMO Capital Markets said, "We believe the US marine industry is in the early stages of improvement and that BC is well positioned to take advantage. Given our updated views on the boat industry, we now have more confidence that BC is entering a cycle of expanding EPS. Reasons for optimism include rebounding US home prices, a boat replacement cycle appears to be kicking in, steady improvement in boat show attendance, and a robust cycle of product innovation. We also believe the replacement of lost boats owing to Hurricane Sandy could be a catalyst for the entire industry."

Brunswick closed at $29.09 on Monday.

Latest Ratings for BC

DateFirmActionFromTo
Feb 2015CitigroupMaintainsBuy
Jan 2015WunderlichMaintainsBuy
Dec 2014WedbushInitiates Coverage onOutperform

View More Analyst Ratings for BC
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (BC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→