BC - Brunswick Is Sailing Against Headwinds Analyst Sees Weak Outlook | Benzinga
Raymond James analyst Joseph Altobello downgraded Brunswick Corp (NYSE: BC) to Market Perform from Outperform and removed the prior price target of $79.
The analyst's re-rating reflects the continued steady decline in the sales of new powerboats in the U.S. since COVID.
The analyst says this was due to a lack of inventory, given supply chain constraints, affordability challenges, ...