Brunswick price target raised to $94 from $85 at Roth MKM

Roth MKM raised the firm’s price target on Brunswick to $94 from $85 and keeps a Buy rating on the shares. Despite the Q4 earnings miss, the firm maintains its bullish stance on the stock due to a higher base of recreational Marine participation being set since the COVID-19 pandemic, greater focus on tapping into the entire boating ecosystem, and the higher-margin/less-cyclical parts and accessories business, the analyst tells investors in a research note. The firm is also adjusting its valuation model by rolling out its valuation timeline to FY25.