Brunswick transferred with Buy rating at Jefferies

Jefferies analyst Randal Konik lowered the firm’s price target on Brunswick to $94 from $105 and keeps a Buy rating on the shares after taking over coverage of the name. Brunswick is a "best-in-class player" among the recreational vehicle peer set, with its mix particularly attractive in the current environment, the analyst tells investors in a research note. The firm remains encouraged by early reads on 2023 retail, and sees the extended channel replenishment as supportive of the near-term model.