real-time news and commentary for investors
Monday, Aug 19
Boat sales rise in July
- "Broad-based" strength across categories led to an 18% rise in powerboat sales during July, SunTrust says, noting that although "normalized weather played a role," the results were "much better than ... anticipated, particularly in light of the tough Y/Y comp."
- The news is positive for Brunswick (BC) and MarineMax (HZO) which both carry Buy ratings from analyst Michael Swartz.