Brown-Forman (NASDAQ:BF/B)‘s stock had its “in-line” rating reaffirmed by equities researchers at Evercore ISI in a research report issued on Thursday, September 19th, BenzingaRatingsTable 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.
A number of other analysts also recently issued reports on BF/B. Deutsche Bank raised their price target on Brown-Forman from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Barclays raised their price target on Brown-Forman from $51.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Morgan Stanley lifted their target price on Brown-Forman from $51.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 29th. UBS Group lifted their target price on Brown-Forman from $57.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets lifted their target price on Brown-Forman from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th. Eleven investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $58.60.
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 $61.70 and a 200 day moving average of $55.28.
Brown-Forman Company Profile
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.
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