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Brown-Forman (BF.B +1%) is upgraded to Buy from Neutral with a $98 target price, up from $83, by...

Brown-Forman (BF.B +1%) is upgraded to Buy from Neutral with a $98 target price, up from $83, by UBS, which says accelerating revenue and EPS growth will be driven by continued spirits outperformance (relative to other alcohol), bourbon category growth acceleration within spirits, and innovation driving incremental growth as well as a "halo effect" for the category.
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