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Fly News Breaks for February 5, 2018
BC
Feb 5, 2018 | 08:28 EDT
BMO Capital analyst Gerrick Johnson raised his price target on Brunswick to $69 and kept his Outperform rating after Q4 results and raised FY18 outlook. Johnson notes that about half of the increased FY18 EPS guidance comes from the positive U.S. tax changes, but also sees strong boating market this year, as the company's marine engine segment continues to gain share. The analyst warns however that the fitness segment is still struggling against competing with value-oriented fitness clubs.
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