Texas Capital Securities lowered its rating on Brunswick to Hold from Buy, while paradoxically raising its price target to $90 from $84. The firm cited that Brunswick’s current valuation already reflects anticipated improvements in new‐boat demand. Despite this, Texas Capital reaffirmed its bullish long‐term view, maintaining 2026 and 2027 revenue forecasts approximately 5% above consensus and reiterating an unchanged 2027 EBITDA estimate of $1.2 billion. The downgrade was explicitly attributed to valuation considerations, with the analyst team applying a forward multiple to 2027 EBITDA to justify the higher target. Following the announcement, Brunswick shares declined nearly 2% intraday on Monday, signaling investor hesitancy at current levels until more pronounced demand acceleration emerges or a more appealing entry point presents itself.

Brunswick has set its fourth quarter and full‐year 2025 earnings release for January 29, 2026, to be published before market open via advisory release and Form 8‐K filing. The conference call will commence at 10 a.m. CT / 11 a.m. ET, hosted by CEO David M. Foulkes, CFO Ryan M. Gwillim, and Deputy CFO Stephen Weiland. A presentation deck will be available on Brunswick’s investor website upon release. Analysts may join via telephone (877-900-9524 U.S.; 412-902-0029 international) or webcast through Brunswick.com/investors, with registration recommended 15 minutes prior. A replay will be accessible through February 5, 2026, ensuring investors have ample opportunity to review management’s commentary on 2025 performance, margin trajectory and guidance for 2026.