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Marine stocks could see 2018 hurricane replacement boost

Published 09/07/2017, 10:44 AM
© Reuters.  Marine stocks could see 2018 hurricane replacement boost
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  • B. Riley observes that marine stocks may get a boost as boat replacement sales take off after the hurricane season finally blows itself out.
  • The firm expects boat demand will be lower in the U.S. for the rest of the year, but sees strong sales next year as insurance replacements take off.
  • The recommendation to investors from B. Riley is to take positions in Brunswick (BC -0.4%) MarineMax (HZO -2%), Malibu Boats (MBUU +2.3%) and MCBC Holdings (MCFT +0.3%) if they peel off share price.
  • Source: Bloomberg
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