Roth Capital analyst Scott Stember raised the firm’s price target on Brunswick (BC) to $79 from $68 and keeps a Buy rating on the shares. The firm cites the company’s Q3 earnings beat while also maintaining its longer-term positive view on growing recreational Marine participation, continued share gains within Mercury, and the higher-margin/less-cyclical parts and accessories business, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BC:
- Brunswick price target raised to $72 from $51 at Morgan Stanley
- Brunswick Corp Earnings Call: Strong Growth Amid Challenges
- Brunswick price target raised to $75 from $70 at Benchmark
- Brunswick price target raised to $70 from $60 at Baird
- Brunswick’s Growth Potential and Resilience: A Buy Rating Amid Strong Q3 Performance and Optimistic Projections