Brown-Forman Lowered to Neutral at ISI Group (BF.B)
Brown-Forman (NASDAQ:BF.B) was downgraded by research analysts at ISI Group from a “buy” rating to a “neutral” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Separately, analysts at RBC Capital raised their price target on shares of Brown-Forman from $95.00 to $98.00 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $89.50.
Brown-Forman (NASDAQ:BF.B) last announced its earnings results on Wednesday, June 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $923.73 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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