Wedbush Starts Brunswick Corp (BC) at Outperform; Poised to Regain Lost Market Share in 2011
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Price: $82.30 -0.45%
Rating Summary:
15 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
15 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Wedbush initiates coverage on Brunswick Corp (NYSE: BC) with a Outperform. PT $29.
Wedbush analyst says, "Given our expectation that Brunswick will regain significant market share from sharply declining competitive promotions as well as competitors’ dealer attrition, combined with a sharply reduced fixed-cost base following comprehensive restructuring initiatives, we believe shares of BC should trade relatively in line to the peer group average EV/2012E EBITDA ratio of 7.5x."
For more ratings news on Brunswick Corp click here and for the rating history of Brunswick Corp click here.
Shares of Brunswick Corp closed at $23.88 yesterday.
Wedbush analyst says, "Given our expectation that Brunswick will regain significant market share from sharply declining competitive promotions as well as competitors’ dealer attrition, combined with a sharply reduced fixed-cost base following comprehensive restructuring initiatives, we believe shares of BC should trade relatively in line to the peer group average EV/2012E EBITDA ratio of 7.5x."
For more ratings news on Brunswick Corp click here and for the rating history of Brunswick Corp click here.
Shares of Brunswick Corp closed at $23.88 yesterday.
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