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Fly News Breaks for March 8, 2018
BFB, BFA, BF.B, BF.A
Mar 8, 2018 | 09:32 EDT
BMO Capital analyst Amit Sharma lowered his price target on Brown Forman to $56 after the company's Q3 results that featured an organic sales growth of over 6% amid a "likely sustained" rebound in emerging markets and its overexposure to faster-growing premium American whiskies. The analyst also keeps his Market Perform rating, warning about the potential exposure to risks from a possible retaliatory tariff on the company's products by E.U. and Canada in response to the proposed U.S. steel/aluminum tariffs.
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