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.
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