Nomura trims its price target on Beam (BEAM +2.1%) to $46, while maintaining a Reduce rating....
Nomura trims its price target on Beam (BEAM +2.1%) to $46, while maintaining a Reduce rating. Analyst Ian Shackleton sees the firm's hefty debt load as prompting an increased focus by the spirits maker on existing brands instead of more M&A activity.
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