UPDATE: Raymond James Upgrades Brunswick Corp. - Brunswick (NYSE:BC)

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In a note released Tuesday morning, Raymond James analyst, Joseph Hovorka upgraded shares of Brunswick Corp. from Market Perform to Strong Buy and set a $49 price target.Hovorka noted that Brunswick will launch 17 new Sea Ray models in 2015, ranging from 19 to 65 feet. He believes this will help the company restore some of its lost market share over the past several years in which it had "little new product development".Adding to the benefits from the new product launches, Hovorka also said he company's inventory channel is "clean" and expects margins to improve on new models when compared to replaced boats.For 2014 and '15, Hovorka is predicting Brunswick will post a respective EPS of $2.36 and $2.90.

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