Brunswick Corporation Shares Soar 14.62% Amid Q4 Loss

Brunswick Corporation (BC) shares surged by 14.62% today, marking a significant rebound from its lowest level since April 2020, which saw an intraday decline of 2.22%.

Brunswick Corporation reported a fourth-quarter loss of $82.5 million, a stark contrast to the profit recorded in the same period the previous year. This financial setback has raised concerns among investors about the company's short-term prospects, contributing to the recent volatility in its stock price.

Analysts at Robert W. Baird maintained a "neutral" rating on Brunswick shares but lowered their price target from $90.00 to $56.00. This adjustment reflects the analysts' cautious outlook on the company's near-term performance, given the recent financial results and broader market uncertainties.