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Does MGP Ingredients (NASDAQ:MGPI) Have A Healthy Balance Sheet?
Wells Fargo Maintains MGP Ingredients(MGPI.US) With Buy Rating, Announces Target Price $44
Alcohol Companies Could Face a Challenge With Younger Consumers After Surgeon General Warning
The USA is going to add a "cancer warning" to alcoholic beverages, causing stocks related to alcohol to decline across the board.
The USA government's Medical Director Murthy has called for the addition of cancer risk warning labels on Alcoholic Beverages, stating that alcohol causes about 100,000 cancer cases and 20,000 cancer deaths in the USA each year. After the announcement, the stock price of Rémy Cointreau in France fell by 5%, and major beverage companies such as Anheuser-Busch Inbev and Diageo also saw declines.
The Surgeon General Pushes for Cancer Warnings Labels for Alcoholic Drinks
MGP Ingredients, Inc.'s (NASDAQ:MGPI) Intrinsic Value Is Potentially 84% Above Its Share Price