BofA fires up coverage on spirits maker Beam (BEAM +0.1%) with a ringing Buy rating and $58...

|By:, SA News Editor

BofA fires up coverage on spirits maker Beam (BEAM +0.1%) with a ringing Buy rating and $58 price target. Analysts with the firm say they expect sales-driven growth and the potential for industry consolidation to help BEAM trade at a premium to peers.