Brunswick price target raised to $105 from $91 at Roth MKM

Roth MKM analyst Scott Stember raised the firm’s price target on Brunswick to $105 from $91 and keeps a Buy rating on the shares after its Q4 earnings beat and "stout" FY23 guidance. The stock remains the firm’s top pick in the recreation & leisure space due to higher base of recreational Marine participation being set since the COVID-19 pandemic, greater focus on tapping into the entire boating ecosystem, and the rapidly advancing higher-margin and less-cyclical parts and accessories business, the analyst tells investors in a research note.