Key points from this report:
- We reiterate our Buy call on Brunswick (BC) after the stock broke out of a stage two six-week cup base and is reaching new highs, driven by stellar Q1 earnings.
- Brunswick’s excellent fundamental profile and top-notch technical profile reflect the company’s improving growth profile.
- Expectations call for high-single-digit revenue growth in the next two years and high-double-digit EPS growth through margin expansion, led by its diversification toward the high-margin Propulsion and Parts & Accessories segments.