This Just In: Brunswick Corporation Upgraded
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope.
Great was the lamentation when Brunswick Corporation (NYSE: BC) reported earnings last week. Brunswick builds yachts, fishing and other boats -- and the engines to power them -- plus sports equipment besides. But business wasn't great last quarter, with sales falling 4% year over year and profits down 7%.
Brunswick "missed earnings" badly last week, sparking a 16% sell-off in its shares. That wasn't good news for Brunswick shareholders, but according to one analyst, it could be great news for new buyers of Brunswick stock. Here's what you need to know.
Source: Fool.com
Brunswick Corp. Stock
With 23 Buy predictions and not a single Sell prediction Brunswick Corp. is an absolute favorite of our community.
As a result the target price of 89 € shows a positive potential of 20.89% compared to the current price of 73.62 € for Brunswick Corp..
