Analyst: Brunswick poised for growth
Brunswick Corp. should continue to grow revenue in 2015 as the boating industry recovery strengthens, Wedbush Equity Research said in a research note provided to Boating Industry.
The research firm rates Brunswick’s stock to “outperform” with a target price of $60 a share in the next 12 months.
The company cited several positives for the stock, including the potential for increased market share, a number of new products on the market and a strong cash position. Negatives for the stock include the unlikelihood of boat sales returning to previous levels and the discretionary nature of boat purchases.
