Weekly 5: SunTrust increases Brunswick price target


Photo Credit: Alaska DNR, Mercury Marine, speakerpelosi, Flickr

Christopher Gerber (CGerber@BoatingIndustry.com)
September 17, 2013
Filed under Top Stories, Weekly 5

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.

1. SunTrust increases Brunswick price target

An analyst for SunTrust Robinson Humphrey has raised his target price for Brunswick Corp. to $45 and reiterated his buy rating for the stock.

Michael Swartz said that the company’s new products and return to normal weather position Brunswick for growth, even while acknowledging the continued struggles of the sterndrive market.

Brunswick stock closed at $39.87 Friday.

2. Alaska’s “Kids Don’t Float” safety program hits milestone

A nice accomplishment for Alaska’s award-winning drowning prevention program, which as of last week has now educated more than 100,000 students since 2005.

The program uses hands-on safety training to teach students from age 5 to 18 the importance of wearing life jackets and other water safety issues.

3. Affordable Care Act webinars

The Small Business Administration and Small Business Majority have scheduled two more webinars to help small businesses navigate the Affordable Care Act (AKA “Obamacare”), one this Thursday and one next week. The webinars are designed to help small businesses with the basics of the Affordable Care Act and what it means for them and their employees.

4. Consumer sentiment down again

Another bad week for consumers, as the preliminary Thomson Reuters/University of Michigan's consumer sentiment index for September fell well short of expectations. That was a five-month low, and a drop of nearly six points from 82.1 to 76.8. Even worse, only one in four households said they expect to be better off in a year.

Retail sales were also disappointing, The Conference Board said in an analysis of Census Bureau data.

“Outside of car and student loans, consumer credit demand remains weak, reflecting a degree of continued household concern about whether this economy will ever start to deliver more jobs and fatter paychecks,” said Kathy Bostjancic, director of macroeconomic analysis for The Conference Board.

5. Five signs you’re standing in your own way

A lot of business owners make decisions that can hamper a company’s growth or success. Here are five signs that you’re getting in your own way from Entrepreneur.


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