Brunswick Corp (BC) PT Raised to $100 at Jefferies As Travel Spending Shifts to Entertainment
- Wall Street slips off record highs, Tesla drops after fatal crash
- IBM (IBM) Tops Q1 EPS by 14c, Revenue Beats
- Tesla's (TSLA) Musk says data logs from crashed vehicle show Autopilot was not enabled, car did not purchase FSD
- Bitcoin (BTC) Price Fell 20% Off the Highs Over the Weekend as Markets Got 'Too Excited' About Coinbase (COIN), Says Mike Novogratz
- GameStop (GME) CEO Gets the Axe as Ryan Cohen Continues to Make His Mark, Analyst Says Co. Will Likely Look to Tech Sector for New Hires
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Jefferies analyst Randal Konik raised the price target on Brunswick Corp (NYSE: BC) to $100.00 (from $82.00) after all three segments reported sales ahead of Street expectations, as retail demand remained robust through the 'off-season', with notable outperformance from Propulsion & P&A. Dealer inventories stand 40% lower y/ y, as strong consumer demand has persisted through year-end.
The analyst reiterated a Buy rating, stating "COVID-19 has prompted a reallocation of consumer wallet share, notably away from travel and toward recreation and leisure closer to home, including boats. With leading market share in key categories, BC is well positioned to capitalize"..
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JS Global Lifestyle (1691:HK) PT Raised to HK$33 at Morgan Stanley
- Tesla (TSLA) PT Raised to $820 at Mizuho Securities; 'Good MarQ Deliveries Setup for Stronger 2021'
- Daimler AG (DAI:GR) (DMLRY) PT Raised to EUR80 at Morgan Stanley
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesJefferies & Co, Randal Konik
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!