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Fly News Breaks for August 24, 2016
PDRDY
Aug 24, 2016 | 09:01 EDT
JPMorgan analyst Komal Dhillon downgraded Pernod Ricard to Underweight from Neutral, as he believes market expectations remain too high and don't reflect the gradual pace of recovery for its cognac business in China, the investment needed to drive U.S. growth or the impact on margins in India.
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