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Fly News Breaks for February 12, 2020
Feb 12, 2020 | 09:03 EDT
B. Riley FBR analyst Eric Wold raised his price target for Brunswick to $80 from $74 and reiterates a Buy rating on the shares following the company's investor day at the 2020 Miami International Boat Show. The analyst is "increasingly confident" in his decision to select Brunswick as one of his four focus stocks for 2020. Management has transformed the company into one that can increasingly benefit from "annuity-like" revenue streams across the recreational marine industry, but has set a relatively conservative path to 2022 targets that already create an upside bias to current expectations, Wold tells investors in a research note.