Analyst: Brunswick recovery will be slower - Trade Only Today

Analyst: Brunswick recovery will be slower

Author:
Updated:
Original:

Shares of Brunswick Corp. fell Wednesday after an analyst cut his rating on the boatbuilder, saying the pace of the company's recovery will be slower than expected.

Standard & Poor's analyst Erik Kolb downgraded Brunswick stock to "hold" from "buy" in a note to investors, Bloomberg Business Week reports.

"We believe the pace of Brunswick's recovery will be a notch lower than we previously expected, as consumers remain concerned about high unemployment and other macro trends," Kolb said.

Brunswick's shares closed Wednesday at $15.66, down from an opening of $16. Shares opened Thursday at $15.81 and were climbing in early monring trading.

Click here for the full article.

Related

GROCO E-Valve Series

Today’s electronics-driven marine environment demands more information and function than ever before. GROCO E-Valve answers the call with seacocks that can be monitored and controlled on your boat’s compatible large format touchscreen. Safety and convenience features never before available are now at your fingertips.