Texas Capital Securities downgraded Brunswick to Hold from Buy, citing a stock valuation that now fully reflects the company’s improving outlook. The firm raised its price target by 7 points to 90, up from 84, while emphasizing that its 2026 and 2027 revenue and EBITDA estimates remain above consensus. Brunswick shares slid nearly 2% intraday on Monday as investors reacted to the shift. The analyst noted that the downgrade was purely valuation-driven, not a change in fundamentals, and that a forward multiple on 2027 EBITDA already incorporates expected benefits from a recovery in new-boat demand.

Brunswick will report its fourth quarter and full-year 2025 results before the market opens on Thursday, January 29, 2026. The company will issue an advisory release on its website, followed by a Form 8-K filing with the SEC. A conference call begins at 10 a.m. CT, hosted by CEO David M. Foulkes and CFO Ryan M. Gwillim, with senior finance executives. The presentation deck will be available online at the time of the release, and a live webcast will be accessible via Brunswick.com. Investors can join by phone using toll-free numbers in North America and internationally, with no password required. A replay of the call will be provided through February 5, 2026, both by phone and on the company’s investor portal.