Wunderlich Securities Has Positive Outlook for Brunswick Corporation

In a report published Friday, Wunderlich Securities analyst Rommel Dionisio reiterated a Buy rating and $65.00 price target on

. In the report, Wunderlich Securities noted, "At the Miami Boat Show this week, the largest annual event in the U.S. marine industry, Brunswick (BC) management outlined their continued aggressive pace of new product launches in both boats and engines. Relative to its competition, especially in boats, Brunswick is bringing out new models at a considerably faster pace, which we believe can drive increased market share of the recovering boat market over the next several years. Overall dealer and manufacturer sentiment at the boat show also remains optimistic, expecting another solid year of recovery in 2015. Given improving visibility on the boat market recovery, we believe shares of BC should trade at a 25% premium to the peer group average, or an 11.5x EV/2015E EBITDA multiple, generating our price target of $65." Brunswick Corporation closed on Thursday at $54.69.