Analyst is optimistic about Brunswick stockPosted on
RBC Capital Markets continues to recommend Brunswick stock, analyst Edward Aaron said in comments following Thursday’s fourth-quarter and year-end earnings release.
“We came away sensing increased optimism by [Brunswick] management that retail conditions are beginning to improve from very depressed levels,” he wrote. “While clearly too early to make a definitive call on 2011 retail, we think risk/reward on the recovery story is favorable. As we see it, [Brunswick] shares have more upside if the market turns in 2011 than downside if it doesn’t.”
Moving forward, the market seems more likely to grow than shrink, he added.
Though not yet calling for a recovery, management did finally “call the bottom” in the cycle, Aaron noted.
Brunswick stock opened Friday at $20.23 a share.
Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!
Basic subscription: Registered members get free access to 10 premium content stories each month!
Individual subscription: $29 for unlimited site access for one year.
Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.
Corporate subscription: $300 for unlimited site access for all members of a company for one year.
You may close this dialog after seconds.