Briggs & Stratton Corporation (NYSE:BGG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $26.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.26% from the stock’s previous close.

According to Zacks, “Briggs & Stratton Corp. is one of the world’s largest producers of air cooled gasoline engines for outdoor power equipment. The company designs, manufactures, markets and services these products for original equipment manufacturers worldwide. These engines are primarily aluminum alloy gasoline engines. “

Separately, BidaskClub downgraded shares of Briggs & Stratton Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.33.

Briggs & Stratton Corporation (NYSE:BGG) traded up 0.68% on Friday, reaching $23.58. 143,671 shares of the company traded hands. The company has a 50-day moving average price of $23.76 and a 200-day moving average price of $22.97. Briggs & Stratton Corporation has a 12 month low of $17.90 and a 12 month high of $25.92. The company has a market capitalization of $1.01 billion, a P/E ratio of 24.11 and a beta of 0.69.

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Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in Briggs & Stratton Corporation by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,750 shares of the industrial products company’s stock valued at $106,000 after buying an additional 80 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Briggs & Stratton Corporation by 3.9% in the first quarter. Public Employees Retirement System of Ohio now owns 6,937 shares of the industrial products company’s stock worth $156,000 after buying an additional 263 shares in the last quarter. Fiduciary Trust Co. acquired a new position in shares of Briggs & Stratton Corporation during the second quarter worth about $181,000. SG Americas Securities LLC boosted its position in shares of Briggs & Stratton Corporation by 12.3% in the second quarter. SG Americas Securities LLC now owns 8,157 shares of the industrial products company’s stock worth $197,000 after buying an additional 895 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Briggs & Stratton Corporation by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the industrial products company’s stock worth $220,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

About Briggs & Stratton Corporation

Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. It also markets and sells related service parts and accessories for its engines.

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