Brown-Forman's stock has dropped over 9% following a downgrade from JPMorgan Chase, reflecting investor concerns. This decline coincides with the company's recent termination of merger talks with Pernod Ricard, as the two firms could not reach an agreement. In response to these setbacks, Brown-Forman is overhauling its U.S. distribution network and seeking new distributor groups to strengthen its market position.
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