DA Davidson analyst Brandon Rolle raised the firm’s price target on Brunswick to $92 from $82 and keeps a Neutral rating on the shares, noting that the stock has traded higher since the company’s "slight" Q4 earnings surprise and below-consensus FY23 earnings guidance. The firm views Brunswick’s updated FY23 guidance and assumptions as "reasonable," given how its wide range accounts for the potential downside if industry fundamentals were to deteriorate further, the analyst tells investors.
Published first on TheFly
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