Brunswick price target raised to $100 from $98 at Citi

Citi analyst James Hardiman raised the firm’s price target on Brunswick to $100 from $98 and keeps a Buy rating on the shares. The company’s Q1 performance and Q2 guide were both in-line with expectations but better than feared, and while management maintained the full year outlook, investor skepticism was evident in the form of a 7% decline in shares post earnings, the analyst tells investors in a research note. The firm says Brunswick “is far from out of the woods,” with consumer demand and by extension dealer willingness to take on orders in a “punishing” interest rate environment and uncertain macro backdrop the key to the near term.