Boating Industry Intelligence You Can Profit From
DENVER — RBC Capital Markets Corp. analyst Edward Aaron says while Brunswick’s Q3 performance beat expectations, demand must begin to recover before the stock can move much higher.
“The execution aspects of the story continue to surprise to the upside,
but demand recovery is needed for the stock to work from here,” Aaron said in a recent investment opinion. ” … for numbers — and presumably the stock — to move much higher from here, the industry needs to start growing again.”
Aaron cites several glimmers of hope that demand will pick up, including a vibrant used market, good participation trends (evidenced by 9 percent P&A growth in Q3), and directionally improving credit trends.
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