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Brown-Forman price target lowered to $65 from $70 at Deutsche Bank
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Brown-Forman price target lowered to $65 from $70 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Brown-Forman to $65 from $70 and keeps a Hold rating on the shares. The analyst sees increasing risk of economic headwinds building for the consumer staples sector. This makes the firm more concerned about forward company fundamental risk for much of its coverage.

Published first on TheFly

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