James Hardiman, an analyst from Citi, maintained the Buy rating on Brunswick (BC – Research Report). The associated price target was lowered to $92.00.
James Hardiman has given his Buy rating due to a combination of factors that highlight Brunswick’s strong position in the market. Despite the uncertainty brought by recent political developments, Hardiman acknowledges that Brunswick has assembled an effective management team and possesses valuable assets and strategies that align well with the current economic landscape. This positions the company favorably for long-term success as the marine industry recovers.
Furthermore, the optimism surrounding potential tax policy benefits under the current political climate could serve as a catalyst for increased orders in the coming seasons. While concerns about trade tariffs present a risk, especially with Chinese and Mexican imports, Brunswick’s efforts to address boat affordability and the potential for lower interest rates are seen as strategic moves to enhance consumer and investor sentiment. These elements combine to support Hardiman’s positive outlook on Brunswick’s stock.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BC in relation to earlier this year.
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Brunswick (BC) Company Description:
Brunswick Corp. engages in the design, manufacture, and marketing of recreation products, including marine engines, boats, fitness equipment, and active recreation products. It operates through the following segments: Marine Engine and Boat. The Marine segment manufactures and sells recreational marine engines and marine parts and accessories. The Boat segment produces and markets boats such as fiberglass pleasure, sport cruiser, sport fishing and center-console, offshore fishing, aluminum and fiberglass fishing, pontoon, utility, deck, inflatable, and heavy-gauge aluminum. The company was founded by John Brunswick in 1845 and is headquartered in Mettawa, IL.
