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Fly News Breaks for January 17, 2019
ROX
Jan 17, 2019 | 08:03 EDT
Maxim analyst Alexander Scharf initiated Castle Brands with a Hold rating, noting that while the U.S. spirits market is gaining share from beer and wine categories, the company's Goslings rum sales have been flat. The analyst also points to the company's "increasing levels of high-interest debt" as it invests heavily in building inventory of its rapidly growing Jefferson's bourbon brand.
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