DA Davidson lowered the firm’s price target on Brunswick (BC) to $60 from $80 and keeps a Neutral rating on the shares as part of a broader research note on Leisure / Powersports. The latest boat industry checks revealed tepid retail demand and elevated inventory levels entering 2025, the analyst tells investors in a research note. For the company, the firm believes that Brunswick could also face headwinds from increased incentive compensation and losing tariff exemptions in FY25, DA Davidson added.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BC:
- Brunswick price target lowered to $64 from $78 at Morgan Stanley
- Brunswick price target lowered to $85 from $90 at Truist
- Brunswick shares jump after ‘Boating Intelligence’ announcement for CES
- Brunswick shares jump 5% after ‘Boating Intelligence’ announcement for CES
- Zoom upgraded, Target downgraded: Wall Street’s top analyst calls