BC - Brunswick Navigates Turbulent Near-Term Headwinds: Analysts Warn | Benzinga
Truist Securities analyst Michael A. Swartz reiterated a Buy rating on Brunswick Corporation (NYSE: BC), with an unchanged price target of $100.
Following the company's investors' day, the analyst notes BC's tempered '23/'24 commentary and the rolling back of prior L-T organic financial targets by 24 months ($15 in EPS by '27).
While acknowledging that current market-related volatility and persisting uncertainty around '24 earnings power will remain overhangs on the stock in the near term, the analyst remains constructive on the long-term view.
After attending the investor's day, the analyst lowered the 2023/2024 adj. EPS estimates to $9.00 and $8.85, respectively (vs. $9.52 and ...