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