Brunswick upgraded to Outperform from Market Perform at BMO Capital BMO Capital believes Brunswick is well positioned to benefit from a turn in the U.S. marine industry and that we are at the cusp of a boat replacement cycle. Price target raised to $36 from $25.
Brunswick acquires Australia-based BLA, terms not disclosed Brunswick Corporation announced that it has acquired BLA, Australia's largest provider of "boating, lifestyle and adventure" products, to strengthen Brunswick's marine parts and accessories presence in the region. Terms were not disclosed. BLA had revenues of approximately A$50M in 2014. BLA will continue to conduct business under its current name and will remain based in Brisbane, Australia.