B. Riley upgraded Brunswick to Buy from Neutral with a price target of $108, up from $100. Brunswick shares down by 11% since an early January downgrade and consensus sell-side ratings are at the most “bearish” level over the past ten years, the analyst tells investors in a research note. The firm upgrades the shares following positive indications from the Miami International Boat Show around underlying demand trends, market share upside, increased moves to boost operating margins, and overall 2024 guidance conservatism.
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