Brunswick price target lowered to $68 from $88 at B. Riley

B. Riley lowered the firm’s price target on Brunswick (BC) to $68 from $88 and keeps a Neutral rating on the shares after assuming coverage of the name. B. Riley is broadly cautious on the marine space given persisting demand headwind, and the price target decrease reflects a more extended path to retail inflection and aligned wholesale and retail sales cadence, the analyst tells investors in a research note. The firm will be looking for opportunities to get constructive as demand visibility improves.