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Fly News Breaks for December 28, 2018
BC
Dec 28, 2018 | 07:43 EDT
SunTrust analyst Michael Swartz kept his Buy rating and $68 price target on Brunswick after yesterday's announcement that the company was granted exclusions from Section 301 tariffs for Mercury Marine 40, 50 and 60 horsepower outboard engines. The analyst notes that Mercury is the " sole producer/importer of Chinese-made 40-60HP outboard engines into North America", adding that the decision to exclude the products "should be viewed positively by the Street/investors as most had not expected nor modeled a positive resolution" to the company's exemption request.
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