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Brown-Forman upgraded at Evercore after upbeat earnings guide

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Evercore stepped away from its previously bearish rating on Brown-Forman Corporation (BF.B) (NYSE:BF.A) after earnings results provided on Wednesday impressed.

The firm’s analysts told clients that while valuation concerns had been central to their prior sell-equivalent rating, but recent underperformance has

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Insanely overvalued.

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