UPDATE: Brunswick Corp (BC) PT Lowered to $44 at RBC Capital, Downgrades to Sector Perform

(updating comment)

RBC Capital analyst Joseph Spak lowered the price target on Brunswick Corp (NYSE: BC) to $44.00 (from $70.00) while downgrading to Sector Perform from Outperform.

The analyst comments "The sale of BC’s Fitness segment makes the company a pure-play marine investment vehicle with an industry-leading portfolio of innovative assets and services. Strong FCF generation provides significant funds for share repurchases, accelerated debt pay-down, and/or accretive M&A."

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