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Fly News Breaks for June 8, 2017
BFB, BFA, BF.B
Jun 8, 2017 | 05:57 EDT
Societe Generale analyst Laurence Whyatt downgraded Brown-Forman (BF.B) to Sell with a $46 price target to reflect a slowdown in growth and low guidance following the Q4 report. The analyst said the Jack Daniel's brands continued to decelerate and with only growth only marginally ahead of the sector, a premium valuation unwarranted.
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