Tristan M. Thomas-Martin, an analyst from BMO Capital, maintained the Buy rating on Brunswick. The associated price target is $65.00.
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Tristan M. Thomas-Martin has given his Buy rating due to a combination of factors that indicate Brunswick’s potential for long-term growth despite current market challenges. The company’s second-quarter results surpassed expectations, although the overall retail environment remains challenging. Brunswick’s internal retail performance showed improvement in June and July, with July trends moving positively year-over-year. Additionally, the Mercury brand gained significant market share in the U.S. outboard engine sector, suggesting strong brand performance.
Despite the cautious outlook from boat dealers like MarineMax, which noted soft retail demand, Brunswick’s strategic adjustments in production and inventory management are expected to position the company well for future growth. The company’s revenue and earnings guidance for 2025, while adjusted, still reflect resilience in a tough market. Thomas-Martin believes that the demand for boating is on a long-term upward trend, and Brunswick’s new product offerings will continue to capture market share, supporting a positive outlook for the company’s stock.
In another report released yesterday, Roth MKM also reiterated a Buy rating on the stock with a $68.00 price target.
BC’s price has also changed moderately for the past six months – from $68.210 to $59.390, which is a -12.93% drop .