Brown-Forman Corporation to be distributed by Asahi in Japan Brown-Forman has reached agreement in principle with the Asahi Group to distribute its brands in Japan as of January 1, 2013. The announcement follows one by Suntory stating that Brown-Forman and Suntory are concluding their more than 40-year business relationship at the conclusion of the current contract, which is December 31.
Brown-Forman upgraded at SunTrust As previously reported, SunTrust upgraded Brown-Forman to Buy from Neutral. The firm upgraded shares based on its leading market position with favorable category dynamics, stable cash flow, and potential return of cash to shareholders. Price target raised to $100 from $90.