Brunswick Corp. Rating Lowered to Neutral at Ned Davis Research (BC)
Brunswick Corp. (NYSE:BC) was downgraded by analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Stock Ratings Network reports.
Separately, analysts at Zacks downgraded shares of Brunswick Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 20th. They now have a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Brunswick Corp. has an average rating of “Hold” and an average target price of $42.83.
Brunswick Corp. (NYSE:BC) last announced its earnings results on Thursday, October 24th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $892.40 million for the quarter, compared to the consensus estimate of $907.84 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.
Brunswick Corporation (NYSE:BC) is a worldwide designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.
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