Bond.az - DA Davidson reiterated a Neutral rating and $76 price target for Brunswick Corp (NYSE:BC) after the company's Q1 2026 earnings report.
The firm updated its financial model for the marine products manufacturer. It raised its FY2026 EPS estimate to $4.35 from prior forecast, above consensus of $4.24.
Brunswick trades at $78.56, above DA Davidson's $76 target. Analysts note mixed sentiment on Wall Street.
Brunswick sees strong performance in premium boat brands, while value brands remain weak.
DA Davidson remains cautious on retail upside during the peak selling season due to macro and geopolitical factors.
The $76 target is based on a 17.5x multiple of FY2026 EPS estimate of $4.35.
Brunswick shares have gained 27% over six months and 50% over the past year.
Recently, Brunswick reported strong Q1 2026 results: EPS of $0.70 (beating $0.46 estimate) and revenue of $1.38 billion (above $1.32 billion).
Brunswick also declared a quarterly dividend of $0.44 per share, payable June 15, 2026.
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