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Fly News Breaks for September 28, 2017
BFB, BFA, BF.B
Sep 28, 2017 | 05:57 EDT
Goldman Sachs analyst Judy Hong upgraded Brown-Forman (BF.B) to Neutral saying the risk/reward is more balanced at current levels as the company's growth stabilizes. The analyst believes U.S. whiskey competitive challenges are "increasingly well-understood" while growth in emerging markets is improving. Hong raised her price target for the shares to $56 from $51.
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