The following is being issued by First Security Van Kasper, a member of the National Association of Securities Dealers, CRD number 7665:Traci L. Mangini, consumer products analyst at FS Van Kasper, is initiating coverage on Brown-Forman Corp. (NYSE: BF’B; BF’A) ($51 5/8 / $51 1/4) with a Buy rating and 12-month price target of $68.

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