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Fly News Breaks for February 25, 2019
BC
Feb 25, 2019 | 07:15 EDT
JPMorgan analyst Steven Zaccone upgraded Brunswick to Overweight from Neutral and raised his price target for the shares to $67 from $52. Following recent "encouraging" data points on the marine industry, macro backdrop, and company-specific growth drivers, the setup is more favorable to own Brunswick in 2019, Zaccone tells investors in a research note. The company is on the brink of becoming a marine-only business with the fitness separation on track for the next few months, adds the analyst. He sees the new standalone marine business as a "compelling" portfolio of assets positioned to outperform the marine backdrop in 2019 and 2020.
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