Nomura trims its price target on Beam (BEAM +2.1%) to $46, while maintaining a Reduce rating....

|By:, SA News Editor

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.