Brunswick and YETI Holdings cut at KeyBanc on near-term headwinds By Investing.com

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<span>© Reuters. Brunswick and YETI Holdings cut at KeyBanc on near-term headwinds</span><br />
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<p>Brunswick (NYSE:) was cut to Sector Weight from Overweight, while <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> YETI Holdings </span></span> (NYSE:) was moved to Underweight from Sector Weight with a $34 price target at KeyBanc Capital Markets on Monday.</p>
<p>Analysts told investors that for BC, their channel work and monthly retail weakness &#8220;signal a more challenged late-2023+ setup, coupled with our view investors may be underappreciating possible risk of NT volume headwinds and Navico earnings softness.&#8221;</p>
<p>They added that while they think BC&#8217;s position in the engine duopoly is appealing long-term, they see the culmination of several headwinds as a risk. One of the headwinds highlighted was that checks highlight engine inventory normalization.</p>
<p>For YETI, KeyBanc believes the recent price action, macro pressures, competitor brand heat, and heavy inventory add risk to its fourth quarter and beyond results.</p>
<p>&#8220;Golf is still good, but our concerns for YETI are mounting,&#8221; said analysts. They also are skeptical of YETI&#8217;s ability to deliver on a peak-season revenue and return to a sustainable +DD growth algo over the medium-term.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/brunswick-and-yeti-holdings-cut-at-keybanc-on-nearterm-headwinds-432SI-3126994">Source link </a></p><p>The post <a href="https://forextraderhub.com/brunswick-and-yeti-holdings-cut-at-keybanc-on-near-term-headwinds-by-investing-com.html">Brunswick and YETI Holdings cut at KeyBanc on near-term headwinds By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>