Brown-Forman Upgraded to Strong-Buy by ISI Group (BF-B)
Brown-Forman (NASDAQ:BF-B) was upgraded by stock analysts at ISI Group to a “strong-buy” rating in a report issued on Thursday, Stock Ratings Network.com reports.
Brown-Forman (NASDAQ:BF-B) traded up 1.31% on Thursday, hitting $79.83. The stock had a trading volume of 493,955 shares. Brown-Forman has a 1-year low of $63.60 and a 1-year high of $78.82. The stock has a 50-day moving average of $75.11 and a 200-day moving average of $72.15. The company has a market cap of $17.020 billion and a P/E ratio of 27.36.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. initiated coverage on shares of Brown-Forman in a research note to investors on Tuesday, December 3rd. They set a “buy” rating and a $73.88 price target on the stock. Analysts at RBC Capital initiated coverage on shares of Brown-Forman in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $79.63.
Brown-Forman Corporation, manufactures, bottles, imports, exports and markets a variety of alcoholic beverage brands.
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