UPDATE: RBC Capital Upgrades Brunswick Corp (BC) to Outperform

RBC Capital analyst Joseph Spak upgraded Brunswick Corp (NYSE: BC) from Sector Perform to Outperform with a price target of $115.00.

The analyst comments "We are upgrading BC to Outperform, $115 PT given 1) restock could last for 3 years providing low variance revenue path; 2) margins could surprise to upside given past cost initiatives, new product, integrating acquisitions; 3) cash optionality. BC trading ~10.5x NTM P/E vs past 3-year average of 11.9x."

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 $93.80 yesterday.

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