LAKE FOREST, Ill. — Brunswick Corp. continues to receive positive reviews from financial analysts.
First, the company’s stock was upgraded from neutral to buy by analysts at Longbow Research. Comments included, “They set a price target of $32 per share, almost +21% from current trading levels. BC shares are trading at $26.46, up 3.32% or $0.85 on the day.”
Also, SmarTrend noted that shares of Brunswick are trading up 0.6% to $25.77 on April 6 on above-average volume. Approximately 1.5 million shares have traded hands vs. average 30-day volume of 1.2 million shares.
According to SmarTrend, “spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of BC to see if this bullish momentum will continue.”
SmarTrend currently has shares of Brunswick in an uptrend. The stock has risen 71.9% since the Uptrend alert was issued in Septmenber, 2010.
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