UPDATE: Goldman Sachs Upgrades BEAMWI to Buy

Goldman Sachs released a report upgrading its rating on Beam Inc.

from Neutral to Buy. Goldman Sachs writes, “We believe BEAM offers above-average top-line growth potential and low-double-digit EPS growth over the next few years due to (1) its attractive positioning within the growing bourbon category, (2) market share gains driven by stepped up investment and new innovation, (3) mid-teens EM sales growth, and (4) below-the-line leverage with a strong FCF profile driving $200 mn in buybacks over each of the next three years.”.