Brunswick price target lowered to $64 from $78 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Brunswick (BC) to $64 from $78 and keeps an Equal Weight rating on the shares. 2025 should see more relief on affordability for consumers, and Morgan Stanley’s analysis of historical patterns suggests a rebound in demand for the powersports companies, but the firm thinks the stocks could be range-bound with “still elevated absolute affordability and muted” consumer confidence limiting positive estimate revisions, the analyst tells investors.