Boat Maker Brunswick Catches a Wave

An incoming tide of economic growth and rising consumer confidence should continue to boost new boat sales and give a lift to shares of Brunswick (BC), the leading maker of recreational power boats and marine engines in the U.S. Its brands include Sea Ray, Boston Whaler, Bayliner and Mercury.

One Wall Street analyst expects the stock to reach $57, up 20% from the $47.25 a share it changed hands at recently. That’s based on the shares trading at 10.5 times 2015 enterprise value to Ebitda (earnings before interest, taxes,…

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