UPDATE: Brunswick Corp (BC) PT Lowered to $44 at RBC Capital, Downgrades to Sector Perform
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Get Alerts BC Hot Sheet
Price: $64.83 --0%
Rating Summary:
15 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 8 | New: 13
Rating Summary:
15 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 8 | New: 13
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(Updated - March 16, 2020 4:46 AM EDT)
(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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