Imperial Capital Starts Brunswick Corp (BC) at Outperform

September 27, 2016 6:51 AM EDT
Get Alerts BC Hot Sheet
Price: $47.44 -2.79%

Rating Summary:
    13 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 19 | New: 30
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Imperial Capital initiates coverage on Brunswick Corp (NYSE: BC) with an Outperform rating and a price target of $60.00, suggesting 23% upside.

Analyst George Kelly commented, "Brunswick is a marine and fitness equipment company with many of the industry’s leading brands, including Mercury, Boston Whaler, and Life Fitness. We believe the company presents a compelling opportunity due to its improved operating model and financial profile, attractive valuation, and option value should new boat sales accelerate. With the stock recently exhibiting outperformance over the 4Q and 1Q periods, we believe now is a good time to acquire BC shares."

For an analyst ratings summary and ratings history on Brunswick Corp click here. For more ratings news on Brunswick Corp click here.

Shares of Brunswick Corp closed at $48.96 yesterday.

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