BMO Capital analyst Gerrick Johnson upgraded Brunswick to Outperform from Market Perform with a price target of $110, up from $90. The shares have pulled back to an attractive valuation owing to investor concerns about the sustainability of demand as well as the impact of a slowing economy, Johnson tells investors in a research note. The current valuation “more than takes these factors into account” while demand for boats and marine products continues to be strong, significantly outpacing supply, says the analyst. He believes retail demand for boats and marine products is robust.