Raymond James analyst Joseph Altobello upgraded Brunswick to Outperform from Market Perform with a $74 price target. Having shed its underperforming Fitness business last year, Altobello tells investors in a research note that Brunswick has emerged as the pure-play leader in the U.S. marine industry with a balanced portfolio across boats, engines and parts and accessories. He believes the company is uniquely poised to benefit from improved U.S.powerboat industry fundamentals in 2020, while near-term guidance appears conservative, all of which should lead to further multiple expansion.