Miami Boat Show is a Bullish Indicator for Brunswick Corp (BC), Jefferies Reiterates Buy

Jefferies analyst Anna Glaessgen reiterated a Buy rating and $121.00 price target on Brunswick Corp (NYSE: BC) after attending the Miami Boat Show and connecting with key reps from major brands including Mercury, Sea Ray, and Boston Whaler.

The analyst stated "Conversations indicated that early show traffic was strong, and reps suggested that buyers were motivated citing favorable conversion. While rising ASPs / lack of promotionality have been raised as potential demand detractors, conversations pointed to a consumer base that was relatively well versed with the supply chain dynamics. This dearth of field inventory was driven home by reps' commentary around lead time for units just debuted at the show. Boston Whaler reps seemed particularly bullish on show performance, also noting that their products carry extremely high owner retention (which they partly attribute to the success of owner's social clubs, which help the brand transcend to lifestyle brand status)."

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 $95.32 yesterday.

You May Also Be Interested In

• Truist Securities Sees 'Big EPS Upside Potential' at Brunswick Corp (BC)
• Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
• Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities