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BC

Brunswick

$44.38

-0.91 (-2.01%)

18:08
06/27/19
06/27
18:08
06/27/19
18:08

Brunswick initiates cost reduction measures, to eliminate over 100 jobs

Following the completion of the Fitness business sale to KPS Capital Partners, LP, Brunswick Corporation announced that it has initiated a range of measures to streamline its cost structure to support sustained earnings growth and provide continued headroom to fund important product, digital, and growth-oriented business initiatives. Today's announcement focuses primarily on completed near-term rightsizing of corporate and enterprise support functions consistent with Brunswick's new marine-only focus. Details of an additional and more comprehensive set of initiatives will be included in the materials for Brunswick's second-quarter earnings call scheduled for July 25, 2019. The completed actions announced today will lower costs on a run-rate basis by approximately $17M will begin to provide cost benefits in the second half of 2019. These actions include the elimination of over 100 positions in general and administrative functional support, and the consolidation of two Chicago area office facilities. In connection with these activities, Brunswick expects to record restructuring charges of approximately $6M in 2019; with about one half recorded in the second quarter.

BC Brunswick
$44.38

-0.91 (-2.01%)

04/26/19
LBOW
04/26/19
NO CHANGE
Target $68
LBOW
Buy
Brunswick price target lowered to $68 from $83 at Longbow
Longbow analyst David MacGregor lowered his price target on Brunswick to $68 from $83 as he lowered his FY19 and FY20 earnings estimates following the company's Q1 report and guidance. However, he keeps a Buy rating on Brunswick shares, citing its cyclical resilience and his expectation of evidence of progress in growing its EPS power.
06/17/19
RILY
06/17/19
NO CHANGE
Target $71
RILY
Buy
Brunswick added to Alpha Generator list, Gaia removed, at B. Riley FBR
B. Riley FBR analyst Eric Wold added Brunswick (BC) to his firm's Alpha Generator list while removing Gaia (GAIA). Macroeconomic trends are favorable Brunswick with the highest rainfall in 120-plus years impacting boat purchases, so far, this year, Wold tells investors in a research note. The analyst points out that his dealer and management discussions in recent weeks have become noticeably more positive. He keeps a Buy rating on Brunswick shares with a $71 price target. Gaia also remains Buy rated with a $22 price target.
06/27/19
NRCS
06/27/19
DOWNGRADE
NRCS
Neutral
Brunswick downgraded to Neutral from Buy at Northcoast
06/27/19
NRCS
06/27/19
DOWNGRADE
NRCS
Neutral
Brunswick downgraded to Neutral following downbeat boat checks at Northcoast
As previously reported, Northcoast analyst Brandon Rolle downgraded Brunswick to Neutral from Buy after his end-of-quarter industry checks revealed no incremental improvement in June U.S. new boat retail demand. He estimates Brunswick's U.S. retail unit sales are tracking down 5-7% in Q2, stating that his checks indicate that demand for larger boats is being more than offset by the absence of demand for smaller value boats. Dealer inventories remain elevated, which is likely to weigh on dealer orders in the second half, said Rolle, who is also finding elevated levels of promotional activity throughout June and would not be surprised if elevated promos continued into Q3 and Q4.

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KLA-Tencor

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Lam Research

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Marvell

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AMAT

Applied Materials

$47.79

-0.38 (-0.79%)

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MU

Micron

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0.85 (1.90%)

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KEYS

Keysight Technologies

$87.43

0.05 (0.06%)

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BYND

Beyond Meat

$176.65

6.28 (3.69%)

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Target

$88.02

-0.48 (-0.54%)

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Beyond Meat

$176.65

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TGT

Target

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DIS

Disney

$139.86

-1.76 (-1.24%)

NFLX

Netflix

$315.10

-10.04 (-3.09%)

T

AT&T

$32.77

-0.32 (-0.97%)

CBS

CBS

$50.68

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FDX

FedEx

$167.08

1.69 (1.02%)

EFX

Equifax

$137.29

-2 (-1.44%)

KEY

KeyCorp

$17.45

0.15 (0.87%)

SBNY

Signature Bank

$123.87

1.07 (0.87%)

USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

MA

MasterCard

$275.51

-1.11 (-0.40%)

V

Visa

$179.18

-1.34 (-0.74%)

PYPL

PayPal

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T

AT&T

$32.77

-0.32 (-0.97%)

, CMCSA

Comcast

$44.06

-0.5 (-1.12%)

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T

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$32.77

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CMCSA

Comcast

$44.06

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CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$53.68

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LGF.A

Lionsgate

$11.94

0.36 (3.11%)

DIS

Disney

$139.86

-1.76 (-1.24%)

VIAB

Viacom

$30.48

-0.11 (-0.36%)

VIA

Viacom

$35.24

0.24 (0.69%)

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EFX

Equifax

$137.29

-2 (-1.44%)

17:23
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Equifax agrees to pay $700M after massive data breach, WSJ reports »

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CBS

CBS

$50.68

-0.66 (-1.29%)

, T

AT&T

$32.77

-0.32 (-0.97%)

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NFLX

Netflix

$315.10

-10.04 (-3.09%)

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JNJ

Johnson & Johnson

$130.41

-1.62 (-1.23%)

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MRKR

Marker Therapeutics

$6.28

-2.4 (-27.65%)

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RDY

Dr. Reddy's

$37.73

-0.6 (-1.57%)

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KLAC

KLA-Tencor

$131.95

-1.5 (-1.12%)

16:37
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LRCX

Lam Research

$198.43

0.19 (0.10%)

16:33
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MRVL

Marvell

$25.90

-0.48 (-1.82%)

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KEYS

Keysight Technologies

$87.43

0.05 (0.06%)

16:29
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MU

Micron

$45.51

0.85 (1.90%)

16:26
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TCEHY

Tencent

$0.00

(0.00%)

, MDLA

Medallia

$37.09

(0.00%)

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TCEHY

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$0.00

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MDLA

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$37.09

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MIRM

Mirum Pharmaceuticals

$13.51

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FULC

Fulcrum Therapeutics

$12.49

-0.99 (-7.34%)

PHR

Phreesia

$24.01

-1.15 (-4.57%)

GMAB

Genmab

$18.06

-0.14 (-0.77%)

AMK

AssetMark Financial

$27.71

0.39 (1.43%)

ORCC

Owl Rock

$15.51

0.11 (0.71%)

DOYU

DouYu

$10.50

-0.51 (-4.63%)

NOVA

Sunnova Energy

$0.00

(0.00%)

CSTL

Castle Biosciences

$0.00

(0.00%)

WSG

Wanda Sports

$0.00

(0.00%)

LVGO

Livongo Health

$0.00

(0.00%)

HCAT

Health Catalyst

$0.00

(0.00%)

JNJ

Johnson & Johnson

$130.41

-1.62 (-1.23%)

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PYPL

PayPal

$118.65

-1.22 (-1.02%)

, V

Visa

$179.18

-1.34 (-0.74%)

08:31
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MasterCard, Visa among best stocks to play fintech boom, Barron's says »

The fintech units within…

PYPL

PayPal

$118.65

-1.22 (-1.02%)

V

Visa

$179.18

-1.34 (-0.74%)

MA

MasterCard

$275.51

-1.11 (-0.40%)

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USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

, SBNY

Signature Bank

$123.87

1.07 (0.87%)

08:28
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KeyCorp, U.S. Bancorp better positioned for Fed rate cut, Barron's says »

KeyCorp (KEY), Signature…

USB

U.S. Bancorp

$54.98

-0.2 (-0.36%)

SBNY

Signature Bank

$123.87

1.07 (0.87%)

KEY

KeyCorp

$17.45

0.15 (0.87%)

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CMG

Chipotle

$746.80

-17.43 (-2.28%)

08:24
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Chipotle stock made 'stunning' comeback, Barron's says »

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BYND

Beyond Meat

$176.65

6.28 (3.69%)

07:40
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07:40
Periodicals
Beyond Meat could spike after earnings, Barron's says »

After rising so…

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