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Stock Market & Financial Investment News

News Breaks
June 25, 2014
08:21 EDTBCBrunswick upgraded at KeyBanc
As previously reported, KeyBanc upgraded Brunswick to Buy from Hold. The firm upgraded shares given a favorable risk/reward profile, expectations for a recovery at the SeaRay unit driven by product refresh and line expectations and potential bolt-on acquisitions. Price target is $55.
News For BC From The Last 14 Days
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January 30, 2015
10:00 EDTBCOn The Fly: Analyst Downgrade Summary
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08:06 EDTBCBrunswick downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Brunswick to Outperform given valuation and limited operating leverage over the next few quarters given production constraints and investments. Price target raised to $59 from $51.
January 29, 2015
11:14 EDTBCBrunswick sees 1H revenue growth high-single to low double-digit range
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07:45 EDTBCBrunswick sees 2015 adjusted EPS $2.70-$2.85, consensus $2.88
Sees 2015 free cash flow $150M-$170M. The company said, "We expect our businesses' top-line performance will continue to benefit from several recent product introductions, along with increases in production rates and capacity. Market acceptance of these products has been excellent, and as a result, our plan reflects revenue growth rates in 2015 to be in the range of 6 percent to 8 percent. Although category and regional strengths and weaknesses exist in the marine and fitness markets, the demonstrated resiliency of both marine participation and the overall commercial fitness market, combined with the continued successful execution of our growth strategy, give us the confidence that we can achieve the financial targets outlined in our 2016 plan, absent any additional significant changes in global macroeconomic conditions. Against the backdrop of our revenue targets, our 2015 plan reflects a slight improvement in gross margin levels and solid gains in operating margins."
07:43 EDTBCBrunswick reports Q4 adjusted EPS 33c, consensus 27c
Reports Q4 revenue $938.6M, consensus $927.06M.

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