Brunswick, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst James Hardiman from Citi maintained a Buy rating on the stock and has a $74.00 price target.
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James Hardiman has given his Buy rating due to a combination of factors that suggest Brunswick is a strong investment opportunity. The company’s management team, including the CEO and CFO, expressed confidence in the marine market’s stability as the season concludes, despite recent demand shocks and margin challenges. They are optimistic about the company’s earnings potential in the medium term, particularly by 2026, if stability is maintained.
Additionally, Brunswick is seen as a valuable asset for investors due to its significant market share gains and improving margins, with its current valuation offering a notable bargain compared to mid-cycle earnings. The company is also navigating tariff challenges effectively, viewing them as a potential competitive advantage. Management’s belief in achieving substantial earnings growth, with a potential return to over $10 in EPS as the industry recovers, further supports the Buy rating.
In another report released on August 22, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $69.00 price target.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BC in relation to earlier this year.