BF-B (NASDAQ:BF-B) Rating Lowered to Underperform at Evercore ISI

BF-B (NASDAQ:BF-B) was downgraded by equities researchers at Evercore ISI from an “in-line” rating to an “underperform” rating in a research report issued on Thursday, September 19th, FinViz reports. They currently have a $60.00 target price on the stock. Evercore ISI’s target price points to a potential downside of 4.73% from the company’s current price.

Shares of NASDAQ BF-B traded up $0.37 during midday trading on Thursday, reaching $62.98. 1,225,576 shares of the stock traded hands. The stock has a 50 day moving average of $61.62 and a 200 day moving average of $56.08.

About BF-B

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskey, vodka, tequilas, champagnes, brandy, and liqueur. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Korbel, Woodford Reserve, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Early Times, Old Forester, Pepe Lopez, Antiguo, Coopers' Craft, Collingwood, and Slane Irish brands.

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