JP Morgan Downgrades Brunswick to Neutral, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kevin Heenan has downgraded Brunswick (NYSE:BC) from Overweight to Neutral and lowered the price target from $109 to $79.
September 11, 2023 | 9:39 am
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Brunswick's stock has been downgraded by JP Morgan from Overweight to Neutral, with a lowered price target of $79.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Brunswick. The lowered price target suggests that JP Morgan expects the stock's future performance to be less robust than previously anticipated. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100