Brunswick: No Confidence On Near-Term Performance, Hold

Thomas BarwickInvestment summary My previous investment thought for Brunswick Corporation (NYSE:BC) (published on 14th May) was a sell rating because I believed the business would miss its FY24 EPS guidance, which will cause valuation to derate sharply. I am shifting my rating from sell to hold as I am very uncertain about how the demand environment will be in the near term. 2Q24 results update Released on the last week of July (25th), 2Q24 result was a disaster. Total sales fell by 15% to $1.44 billion ...