Analyst: Leisure vehicle market gradually improving
NEW YORK — A KeyBanc Capital Markets analyst said Monday that the leisure vehicle market is continuing to gradually improve, with the ATV market showing the most growth, according to a report from the Associated Press.
Analyst Scott W. Hamann said it appears manufacturers’ inventories are much lower than in the past. Hamann noted that financing for these types of purchases remains stable so far this year, although it’s still easier to get than a year ago.
Also Monday, Hamann reiterated his “Hold” ratings on boat maker Brunswick Corp. He narrowed his loss expectations for Brunswick, but recommends investors stay on the sidelines, saying he has less confidence about earnings growth.
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