Soft spirits: Brown-Forman slides on concerns about the slow recovery in demand

Brown-Forman building façade
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Brown-Forman Corporation (NYSE:BF.A) (NYSE:BF.B) fell 5% in afternoon trading on Wednesday after TD Cowen downgraded the beverage stockj to a Hold rating and lowered its price target to $48.

Analyst Robin Moskow and his team believe that shares will be range bound

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