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Fly News Breaks for April 15, 2016
BGG
Apr 15, 2016 | 07:42 EDT
As previously reported, Baird analyst Timothy Wojs downgraded Briggs & Stratton to Neutral from Outperform, noting that the stock's valuation multiple has approached historically high levels after its run-up so far this year. Longer-term concerns, such as potential commoditization of small gas engines and continued development of battery technologies, merit stronger consideration given the higher multiple, believes Wojs, who maintains a $23 price target on the shares.
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