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Fly News Breaks for February 14, 2018
BC
Feb 14, 2018 | 07:20 EDT
As previously reported, Wedbush analyst James Hardiman upgraded Brunswick to Outperform from Neutral as he believes the fitness business is being properly sized and that a new-found hard-line on the company's disparate businesses will prevent Life Fitness from being a never-ending earnings headwind. Meanwhile, there are a number of tailwinds that could fuel accelerating demand in the marine segment, while corporate tax reform and the Sea Ray sale will almost certainly improve the total-return profile for the company, he contends. The analyst also raised his price target on the shares to $70 from $55.
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