Dec. 23 at 10:56 AM
$BC Loop starts Brunswick at Hold on recent rally
Loop Capital last night initiated coverage of Brunswick with a Hold rating and
$74 price target. The marine industry has undergone a "significant inventory rationalization" period over the past 12-18 months that appears to be in the late stages entering 2026, the analyst tells investors in a research note. Loop sees reasons for optimism in 2026 despite the unfavorable macro backdrop and elevated interest rate environment. It says that while Brunswick has a portfolio of "elite" marine engine and boat brands, the shares are up more than 36% over the last six months amid an uncertain macro backdrop. Loop prefers to wait for a pullback in the stock.
