Brunswick price target lowered to $95 from $105 at Truist

Truist analyst Michael Swartz lowered the firm’s price target on Brunswick to $95 from $105 and keeps a Buy rating on the shares. The stock fell 7% despite the in-line Q1 print and affirmed guide, reflecting incremental investor unease around the retail and promotional environment, near-term visibility, and questions surrounding the conservatism embedded in the company’s FY24 outlook, the analyst tells investors in a research note.