Exane BNP Paribas Downgrades Brunswick to Neutral, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Xian Siew downgraded Brunswick (NYSE:BC) from Outperform to Neutral and reduced the price target from $94 to $82.
April 15, 2024 | 11:12 am
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NEGATIVE IMPACT
Brunswick downgraded from Outperform to Neutral by Exane BNP Paribas, with a price target cut from $94 to $82.
The downgrade from Outperform to Neutral by a significant financial institution like Exane BNP Paribas, accompanied by a notable reduction in the price target, is likely to negatively impact investor sentiment towards Brunswick in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100