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Fly News Breaks for April 26, 2019
BC
Apr 26, 2019 | 07:48 EDT
SunTrust analyst Michael Swartz lowered his price target on Brunswick to $62 after its "disappointing" engine revenue print in Q1 but urges investors to "stay the course" and keeps his Buy rating on the shares. The analyst believes that improving boat retail reads and Fitness business sales could serve as near-term catalysts. Swartz adds that Brunswick's "improved balance sheet, cash flow generation, and ROIC" warrant a higher valuation.
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