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Fly News Breaks for September 15, 2016
BFB, BF.B
Sep 15, 2016 | 19:45 EDT
Credit Suisse analyst Laurent Grandet initiated coverage on Brown Forman with an Outperform and a $52 price target. The analyst believes the divestiture of Southern Comfort and the investments in Scotch and Irish whisky will lead to higher returns and sustainable long-term growth and the pullback following the Q1 report has proved a buying opportunity.