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Fly News Breaks for October 17, 2019
BC
Oct 17, 2019 | 06:39 EDT
Longbow analyst David MacGregor downgraded Brunswick to Neutral from Buy without a price target. The analyst's Q3 boat dealer checks indicate inventory levels are above target heading into Q4 despite aggressive rebating on existing and current models. MacGregor says weakening fundamentals and negative developments around leading indicators gives him pause when considering Brunswick's earnings potential and growth prospects through 2019.
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