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It's only day one of trading for Fortune Brands (FO)-spinoff Beam (BEAM), but already the...
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Tuesday, October 4, 2011, 9:11 AM ETIt's only day one of trading for Fortune Brands (FO)-spinoff Beam (BEAM), but already the bourbon company lands on Goldman Sachs' Conviction Buy list. Though the new company says it's in for the long haul, analysts aren't buying it. Rabobank's Stephen Rannekleiv says BEAM is a "rare opportunity" for companies looking to acquire major brands like Maker's Mark and Canadian Club.
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