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Fly News Breaks for July 9, 2018
BC
Jul 9, 2018 | 05:13 EDT
Imperial Capital analyst George Kelly raised his price target for Brunswick to $90 and maintains an Outperform rating on the shares. The analyst maintains a positive view on the company following the recent Power Products acquisition announcement and revised 2020 targets, which he says imply "significant growth" in marine engine profitability. Kelly believes Brunswick's marine engine EBITDA will exceed $700M in 2020, up from $458M in 2017. He says the shares remain a top pick.
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