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Equities research analysts at Barclays lifted their price objective on shares of Brown-Forman (NASDAQ:BF-B) from $83.00 to $90.00 in a research note issued to investors on Thursday. The firm currently has an “underweight” rating on the stock. Barclays’ target price would suggest a potential downside of 3.38% from the company’s current price.

Shares of Brown-Forman (NASDAQ:BF-B) traded up 1.45% on Thursday, hitting $94.50. 307,173 shares of the company’s stock traded hands. Brown-Forman has a 52-week low of $66.41 and a 52-week high of $94.77. The stock has a 50-day moving average of $90.63 and a 200-day moving average of $83.0. The company has a market cap of $20.155 billion and a P/E ratio of 31.26.

Brown-Forman Corporation, manufactures, bottles, imports, exports and markets a variety of alcoholic beverage brands.

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