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Brown-Forman Rating Lowered to Sell at Zacks Investment Research

2015-11-28 17:11:14| Beverages - Topix.net

According to Zacks, "Brown-Forman reported robust first-quarter fiscal 2016 earnings driven by the company's strong portfolio of premium American whiskey brands, its Jack Daniel's trademark and a balanced geographic approach. However, the company's results were significantly impacted by unfavorable foreign currency translations, which led sales to fall year over year.

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