Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
Investing.com - DA Davidson has raised its price target on Brunswick Corp (NYSE:BC) to $59.00 from $43.00 while maintaining a Neutral rating on the stock. According to InvestingPro data, the stock currently trades at $60.60, with analyst targets ranging from $43 to $88.
The price target increase comes after Brunswick beat second-quarter 2025 earnings expectations and maintained its revenue and earnings per share guidance at the midpoint. The company has demonstrated strong financial health, with a current ratio of 1.68x and liquid assets exceeding short-term obligations, as shown by InvestingPro data.
Despite the positive earnings results, DA Davidson noted that Brunswick shares have traded lower following the report, suggesting market hesitation despite the company effectively removing its risk case with the updated guidance.
The research firm expressed uncertainty about whether the month-to-date performance in July is sustainable, citing concerns about the trajectory of retail sales and potential longer-term impacts related to tariffs.
DA Davidson’s new $59 price target is based on a 14x multiple of its fiscal year 2026 earnings estimate of $4.20 per share, which is $0.15 below the consensus estimate of $4.32.
In other recent news, Brunswick Corporation reported its second-quarter 2025 earnings, which exceeded analyst expectations. The company posted adjusted earnings per share of $1.16, surpassing both Citi’s estimate of $1.04 and the Street’s consensus of $0.98. Despite a 36% year-over-year decline in earnings, Brunswick’s performance exceeded the high end of its previously guided range. Revenue for the quarter came in at $1.45 billion, slightly increasing by 0.2% year-over-year and beating expectations of $1.24 billion. However, the company issued guidance for the third quarter that fell below Wall Street forecasts. Despite the robust second-quarter performance, this cautious outlook resulted in a 1.8% dip in shares following the earnings release. Citi has reiterated its Buy rating on Brunswick, reflecting continued confidence in the company’s prospects. These developments highlight the mixed sentiment surrounding Brunswick’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.