US: Brown-Forman downgraded as Bacardi speculation subsides

By just-drinks.com editorial team | 29 April 2009

Investment bank UBS has downgraded Brown-Forman shares from neutral to sell, saying that it does not expect the drinks firm to strike a deal with Bacardi in the near future.

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Investment bank UBS has downgraded Brown-Forman shares from neutral to sell, saying that it does not expect the drinks firm to strike a deal with Bacardi in the near future.

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