Analyst Tristan M. Thomas-Martin of BMO Capital maintained a Buy rating on Brunswick (BC – Research Report), reducing the price target to $65.00.
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Tristan M. Thomas-Martin has given his Buy rating due to a combination of factors influencing Brunswick’s stock. Despite the challenges posed by tariffs and fluctuating demand, Brunswick’s first-quarter results surpassed expectations, indicating resilience in their operations. The company’s premium and core product segments performed better than the broader industry, suggesting a strong market position.
Furthermore, while there are concerns about reduced guidance and macroeconomic pressures, the potential upside from tariffs and a secular upswing in boating demand provide a positive outlook. The anticipated growth in Mercury’s outboard engine lineup is expected to bolster market share, supporting the long-term prospects of the company. These elements combined suggest that Brunswick is well-positioned for future success, justifying the Buy rating.
In another report released yesterday, Roth MKM also reiterated a Buy rating on the stock with a $60.00 price target.
Based on the recent corporate insider activity of 66 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.