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Brown-Forman downgraded by Morgan Stanley over tariff risks
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Brown-Forman (BF-B, BF-A) — the alcohol maker behind brands like Jack Daniel's — received a downgrade to Underweight by Morgan Stanley analysts over concerns tied to US tariffs on Canada. Canadian stores have been reported to be pulling American liquor brands from their shelves in protest of Trump's trade policies.
Madison Mills and Alexandra Canal report more on this.
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This post was written by Luke Carberry Mogan.
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