Courtesy of Benzinga.
In a report published Wednesday, Wunderlich Securities analyst Rommel Dionisio reiterated a Buy rating and $57.00 price target on Brunswick Corporation (NYSE: BC).
In the report, Wunderlich Securities noted, “With multiple new boat models being introduced in the next few weeks at the major winter boat shows, Brunswick (BC) has a number of upcoming potential catalysts which we believe could drive the stock upward in the near term, especially considering the stock’s historical seasonal trading pattern, whereby shares of BC have significantly outperformed in 4Q and 1Q. Given such potential fundamental catalysts, combined with favorable macro factors such as rising consumer confidence, falling fuel prices, and a moderate interest rate environment, we reiterate our Buy rating on Brunswick. Our price target of $57 is derived using a 10.5x EV/2015E EBITDA multiple, a 15% premium to the peer group given the still early stage of the boat market’s cyclical recovery.”
Brunswick Corporation closed on Tuesday at $46.11.
Latest Ratings for BC
Date | Firm | Action | From | To |
---|---|---|---|---|
Sep 2014 | Wunderlich | Initiates Coverage on | Buy | |
Aug 2014 | Raymond James | Upgrades | Market Perform | Strong Buy |
Aug 2014 | Citigroup | Maintains | Buy |
View More Analyst Ratings for BC
View the Latest Analyst Ratings
Posted-In: Rommel Dionisio Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings