Brunswick price target lowered to $88 from $100 at Citi

Citi lowered the firm’s price target on Brunswick to $88 from $100 and keeps a Buy rating on the shares. The analyst says a guidance cut is increasingly likely heading into the company’s Q2 earnings. The timetable surrounding interest rate cuts has been pushed out, retail has, based on Citi’s checks, came in worse than hoped, and dealer contacts have almost universally expressed concerns around inventory and an aversion for significant ordering activity going forward, the analyst tells investors in a research note.