UPDATE: Citi Upgrades Brunswick Corp (BC) to Buy

April 26, 2021 5:06 AM EDT
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Price: $99.96 +1.25%

Rating Summary:
    13 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - April 26, 2021 5:36 AM EDT)

Citi analyst Shawn Collins upgraded Brunswick Corp (NYSE: BC) from Neutral to Buy with a price target of $125.00.

The analyst comments "We upgrade our rating to a Buy on Brunswick – the world’s leader in recreational boating (#1 in marine engines, leader in powerboats, & marine P&A). With its strategic realignment behind it, Brunswick is flourishing on the top-line and from a margin perspective. We are encouraged by robust marine industry conditions, the inventory restocking cycle (2-3 years), leading margins, and valuation levels in-line with other leisure names rather than at a premium. In addition, a strong economy, low financing rates, and a healthy consumer provide for a favorable backdrop."

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 $104.52 yesterday.

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